Belarus: Textile Wadding Market 2024

Textile Wadding Market Size in Belarus

In 2022, the Belarusian textile wadding market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption recorded a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Textile Wadding Production in Belarus

In value terms, textile wadding production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a sharp downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Textile wadding production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports from Belarus

In 2022, shipments abroad of wadding of textile materials and articles thereof increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, textile wadding exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for textile wadding exports from Belarus, with a X% share of total exports. Moreover, textile wadding exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Ukraine (X% per year).

In value terms, Russia ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2022, the average textile wadding export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw perceptible growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Russia ($X per ton), while the average price for exports to Kazakhstan ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Textile Wadding Imports

Imports into Belarus

In 2022, imports of wadding of textile materials and articles thereof into Belarus dropped rapidly to X tons, which is down by X% against the previous year. Overall, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, textile wadding imports shrank dramatically to $X in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), Lithuania (X tons) and Bulgaria (X tons) were the main suppliers of textile wadding imports to Belarus, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Lithuania ($X) and Ukraine ($X) were the largest textile wadding suppliers to Belarus, together accounting for X% of total imports. Bulgaria, Poland, Turkey, Uzbekistan, Italy and Hungary lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average textile wadding import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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