Price for Textiles; Worn Clothing and Other Worn Articles in Russia - 2022

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Russia (CIF) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Russia (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Russia
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Russia

Price for Textiles; Worn Clothing and Other Worn Articles in Russia (CIF) - 2022

The average import price for textiles; worn clothing and other worn articleses stood at $2,335 per ton in 2022, surging by 3.4% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $3,809 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($4,213 per ton), while the price for the United Arab Emirates ($498 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Textiles; Worn Clothing and Other Worn Articles in Russia (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $550 per ton, with a decrease of -4.9% against the previous year. In general, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 17%. The export price peaked at $2,665 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($1,264 per ton), while the average price for exports to Tajikistan ($479 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (-7.3%), while the prices for the other major destinations experienced a decline.

Imports of Textiles; Worn Clothing and Other Worn Articles in Russia

In 2022, the amount of textiles; worn clothing and other worn articleses imported into Russia fell remarkably to 14K tons, declining by -74.3% on 2021 figures. Overall, imports recorded a significant curtailment. The smallest decline of -6.3% was in 2021.

In value terms, imports of textiles; worn clothing and other worn articleses declined dramatically to $33M in 2022. Over the period under review, imports faced a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 1.5%.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Russia in 2022:

1. Netherlands (3.2K tons)
2. Poland (2.4K tons)
3. Belgium (2.3K tons)
4. Lithuania (1.7K tons)
5. Turkey (0.8K tons)
6. Germany (0.8K tons)
7. Kyrgyzstan (0.6K tons)
8. United Arab Emirates (0.4K tons)
9. China (0.4K tons)
10. Armenia (0.3K tons)
11. Georgia (0.2K tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Russia

For the fourth consecutive year, Russia recorded growth in overseas shipments of textiles; worn clothing and other worn articleses, which increased by 34% to 35K tons in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 72% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of textiles; worn clothing and other worn articleses skyrocketed to $19M in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 49% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Russia in 2022:

1. Tajikistan (31.6K tons)
2. Kyrgyzstan (2.2K tons)
3. Armenia (0.6K tons)

Source: IndexBox Market Intelligence Platform