Belarus: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Belarus

The Belarusian man-made filament yarn market rose slightly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Man-Made Filament Yarn Production in Belarus

In value terms, man-made filament yarn production fell slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Man-made filament yarn production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Man-Made Filament Yarn Exports

Exports from Belarus

For the third consecutive year, Belarus recorded decline in shipments abroad of man-made filament yarn, which decreased by X% to X tons in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, man-made filament yarn exports reduced to $X in 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons), Russia (X tons) and the Netherlands (X tons) were the main destinations of man-made filament yarn exports from Belarus, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for man-made filament yarn exported from Belarus were Russia ($X), Germany ($X) and Ukraine ($X), together comprising X% of total exports.

Among the main countries of destination, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, man-made filament yarn export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($X 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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Yarn Imports

Imports into Belarus

For the fourth year in a row, Belarus recorded decline in supplies from abroad of man-made filament yarn, which decreased by X% to X tons in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, man-made filament yarn imports contracted dramatically to $X in 2022. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest man-made filament yarn supplier to Belarus, accounting for a X% share of total imports. Moreover, man-made filament yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Italy (X% per year).

In value terms, the largest man-made filament yarn suppliers to Belarus were South Korea ($X), Turkey ($X) and Russia ($X), together comprising X% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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