Belarus: Silk Fabric Market 2023

Silk Fabric Market Size in Belarus

The Belarusian silk fabric market contracted modestly to $X in 2021, approximately reflecting the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.1% against 2018 indices. Silk fabric consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Silk Fabric Production in Belarus

In value terms, silk fabric production totaled $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 41%. Silk fabric production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Silk Fabric Exports

Exports from Belarus

In 2021, shipments abroad of woven fabrics of silk or of silk waste decreased by -2.2% to X square meters, falling for the second consecutive year after five years of growth. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 2,908%. Over the period under review, the exports attained the peak figure at X square meters in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, silk fabric exports soared to $X in 2021. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,820% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X square meters) was the main destination for silk fabric exports from Belarus, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +99.8%.

In value terms, Russia ($X) also remains the key foreign market for woven fabrics of silk or of silk waste exports from Belarus.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +75.8%.

Export Prices by Country

In 2021, the average silk fabric export price amounted to $X per square meter, rising by 59% against the previous year. Overall, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 111% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -12.0% per year.

Silk Fabric Imports

Imports into Belarus

In 2021, silk fabric imports into Belarus rose to X square meters, growing by 3.2% compared with 2020 figures. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 168%. Imports peaked at X square meters in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, silk fabric imports rose rapidly to $X in 2021. Over the period under review, imports, however, showed a slight setback. The pace of growth was the most pronounced in 2018 with an increase of 83%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest silk fabric supplier to Belarus, accounting for a 52% share of total imports. Moreover, silk fabric imports from Italy exceeded the figures recorded by the second-largest supplier, Russia (X square meters), threefold. The third position in this ranking was held by China (X square meters), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+8.8% per year) and China (+2.5% per year).

In value terms, Italy ($X), China ($X) and Russia ($X) were the largest silk fabric suppliers to Belarus, together comprising 83% of total imports. These countries were followed by San Marino, which accounted for a further 9.9%.

San Marino, with a CAGR of +1,160.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, rising by 7.1% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 16%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, 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 China ($X per square meter), while the price for Russia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by San Marino (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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