Belarus: Spun Yarn Market 2021

Spun Yarn Market Size in Belarus

After two years of growth, the Belarusian spun yarn market decreased by -X% to $X in 2019. Over the period under review, consumption showed a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Spun Yarn Exports

Exports from Belarus

Spun yarn exports from Belarus stood at X kg in 2019, approximately equating 2018. In general, exports showed a slight expansion. Over the period under review, exports hit record highs at X kg in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

In value terms, spun yarn exports expanded notably to $X in 2019. Over the period under review, exports showed a strong expansion. Exports peaked at $X in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Russia (X kg) was the main destination for spun yarn exports from Belarus, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Russia amounted to -X%.

In value terms, Russia ($X) also remains the key foreign market for spun yarn exports from Belarus.

From 2007 to 2019, the average annual growth rate of value to Russia amounted to -X%.

Export Prices by Country

In 2019, the average spun yarn export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted perceptible growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2019, the rate of growth in terms of prices for Russia amounted to +X% per year.

Spun Yarn Imports

Imports into Belarus

For the third consecutive year, Belarus recorded growth in supplies from abroad of yarn spun from silk waste, which increased by X% to X kg in 2019. Over the period under review, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at X kg in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports shrank to $X in 2019. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Italy (X kg) constituted the largest spun yarn supplier to Belarus, accounting for a X% share of total imports. Moreover, spun yarn imports from Italy exceeded the figures recorded by the second-largest supplier, Lithuania (X kg), sevenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy stood at +X%.

In value terms, Italy ($X) constituted the largest supplier of spun yarn to Belarus, comprising X% of total imports. The second position in the ranking was occupied by Lithuania ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Italy amounted to -X%.

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, dropping by -X% against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Lithuania ($X per ton), while the price for Italy amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Lithuania.

Source: IndexBox Market Intelligence Platform

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