CIS: Artificial Fur Market 2024

Artificial Fur Market Size in CIS

In 2022, the CIS artificial fur market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a deep reduction. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Artificial Fur Production in CIS

In value terms, artificial fur production reduced to $X in 2022 estimated in export price. Overall, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Artificial Fur Exports

Exports in CIS

In 2022, shipments abroad of artificial fur increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, artificial fur exports soared to $X in 2022. Overall, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus was the largest exporter of artificial fur in the CIS, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons), mixing up a X% share of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the artificial fur exports, with a CAGR of X% from 2012 to 2022. Russia (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Belarus ($X) remains the largest artificial fur supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

In Belarus, artificial fur exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Export price indicated a temperate increase 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, artificial fur export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced a decline in the export price figures.

Artificial Fur Imports

Imports in CIS

In 2022, artificial fur imports in the CIS expanded significantly to X tons, picking up by X% against the previous year's figure. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, artificial fur imports shrank to $X in 2022. Overall, imports, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belarus was the key importer of artificial fur in the CIS, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Russia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%). Uzbekistan (X tons) and Armenia (X tons) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the artificial fur imports, with a CAGR of X% from 2012 to 2022. Russia (X%), Armenia (X%), Kazakhstan (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. Belarus (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Armenia, Russia and Kazakhstan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest artificial fur importing markets in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), together comprising X% of total imports. Armenia and Uzbekistan lagged somewhat behind, together comprising a further X%.

Armenia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform