Belarus: Cushion Cover Market 2022

Cushion Cover Market Size in Belarus

The Belarusian cushion cover market expanded markedly to $X in 2021, picking up by 5.4% against the previous year. Over the period under review, consumption, however, showed a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 8.2% against the previous year. Cushion cover consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cushion Cover Production in Belarus

In value terms, cushion cover production fell to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of 9.3% against the previous year. Cushion cover production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cushion Cover Exports

Exports from Belarus

In 2021, overseas shipments of furnishing articles for car seats were finally on the rise to reach X tons after three years of decline. Over the period under review, exports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2017 with an increase of 188% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, cushion cover exports surged to $X in 2021. Overall, exports saw notable growth. The most prominent rate of growth was recorded in 2017 when exports increased by 98%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for cushion cover exports from Belarus, with a 95% share of total exports. It was followed by Romania (X tons), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +4.6%.

In value terms, Russia ($X) remains the key foreign market for cushion cover exports from Belarus, comprising 91% of total exports. The second position in the ranking was held by Romania ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +2.8%.

Export Prices by Country

In 2021, the average cushion cover export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2018 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Romania amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-1.7%).

Cushion Cover Imports

Imports into Belarus

In 2021, cushion cover imports into Belarus soared to X tons, growing by 676% compared with the previous year. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cushion cover imports surged to $X in 2021. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest cushion cover supplier to Belarus, with a 59% share of total imports. Moreover, cushion cover imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +116.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+48.5% per year) and China (+67.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of cushion cover to Belarus, comprising 62% of total imports. The second position in the ranking was taken by Russia ($X), with a 17% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +123.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+23.8% per year) and China (+68.1% per year).

Import Prices by Country

The average cushion cover import price stood at $X per ton in 2021, dropping by -14.1% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Lithuania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :