Belarus: Woolen Yarn Market 2024

Woolen Yarn Market Size in Belarus

The Belarusian woolen yarn market was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption, however, faced a abrupt decrease. Woolen yarn consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Woolen Yarn Production in Belarus

In value terms, woolen yarn production reached $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Woolen Yarn Exports

Exports from Belarus

In 2022, after two years of growth, there was significant decline in shipments abroad of yarn of wool, when their volume decreased by X% to X tons. Overall, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, woolen yarn exports contracted sharply to $X in 2022. In general, exports showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for woolen yarn exports from Belarus, with a X% share of total exports. Moreover, woolen yarn exports to Russia exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the average woolen yarn export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($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 Poland (X%), while the prices for the other major destinations experienced a decline.

Woolen Yarn Imports

Imports into Belarus

In 2022, overseas purchases of yarn of wool were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, woolen yarn imports surged to $X in 2022. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Turkey (X tons) and China (X tons) were the main suppliers of woolen yarn imports to Belarus, with a combined X% share of total imports. Russia, Germany, Lithuania and Peru lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), Turkey ($X) and Lithuania ($X) were the largest woolen yarn suppliers to Belarus, together comprising X% of total imports. China, Russia, Germany and Peru lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average woolen yarn import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a pronounced expansion 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, woolen yarn import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :