Belarus: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Belarus

After three years of growth, the Belarusian non-cotton terry towelling market decreased by X% to $X in 2023. Overall, consumption, however, posted a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2022, and then dropped in the following year.

Non-Cotton Terry Towelling Production in Belarus

In value terms, non-cotton terry towelling production stood at $X in 2023 estimated in export price. Over the period under review, production showed a significant curtailment. The growth pace was the most rapid in 2021 when the production volume decreased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Non-Cotton Terry Towelling Exports

Exports from Belarus

In 2023, after two years of growth, there was significant decline in overseas shipments of terry towelling (excluding of cotton), when their volume decreased by X% to X square meters. Over the period under review, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X square meters in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, non-cotton terry towelling exports plummeted to $X in 2023. In general, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Russia (X square meters) and Lithuania (X square meters) were the main destinations of non-cotton terry towelling exports from Belarus.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of X%).

In value terms, Lithuania ($X) remains the key foreign market for terry towelling (excluding of cotton) exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Lithuania amounted to X%.

Export Prices by Country

The average non-cotton terry towelling export price stood at $X per square meter in 2023, rising by X% against the previous year. Over the period under review, the export price, however, showed a slight decline. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per square meter), while the average price for exports to Russia stood at $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced a decline.

Non-Cotton Terry Towelling Imports

Imports into Belarus

After three years of growth, overseas purchases of terry towelling (excluding of cotton) decreased by X% to X square meters in 2023. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, non-cotton terry towelling imports shrank markedly to $X in 2023. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then declined sharply in the following year.

Imports by Country

In 2023, Turkey (X square meters) constituted the largest supplier of non-cotton terry towelling to Belarus, with a X% share of total imports. Moreover, non-cotton terry towelling imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X square meters), threefold.

From 2012 to 2023, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and China (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of terry towelling (excluding of cotton) to Belarus, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and China (X% per year).

Import Prices by Country

The average non-cotton terry towelling import price stood at $X per square meter in 2023, dropping by X% against the previous year. In general, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform