CIS: Cotton Fabric Market 2024

Cotton Fabric Market Size in CIS

In 2023, after two years of growth, there was decline in the CIS cotton fabric market, when its value decreased by X% to $X. Overall, consumption showed a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Cotton Fabric Production in CIS

In value terms, cotton fabric production rose to $X in 2023 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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Cotton Fabric Exports

Exports in CIS

In 2023, the amount of woven fabrics of cotton exported in the CIS skyrocketed to X square meters, surging by X% against 2022 figures. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X square meters in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, cotton fabric exports surged to $X in 2023. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan was the main exporter of woven fabrics of cotton in the CIS, with the volume of exports accounting for X square meters, which was near X% of total exports in 2023. Russia (X square meters) ranks second in terms of the total exports with a X% share, followed by Belarus (X%) and Azerbaijan (X%). Kazakhstan (X square meters) and Tajikistan (X square meters) took a minor share of total exports.

Uzbekistan was also the fastest-growing in terms of the woven fabrics of cotton exports, with a CAGR of X% from 2012 to 2023. At the same time, Azerbaijan (X%) and Belarus (X%) displayed positive paces of growth. By contrast, Russia (X%), Tajikistan (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total exports, while Tajikistan, Kazakhstan and Russia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Uzbekistan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per square meter, rising by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per square meter), while Kazakhstan ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Cotton Fabric Imports

Imports in CIS

In 2023, supplies from abroad of woven fabrics of cotton was finally on the rise to reach X square meters for the first time since 2019, thus ending a three-year declining trend. Total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 square meters. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cotton fabric imports fell slightly to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. 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 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Russia represented the main importing country with an import of about X square meters, which amounted to X% of total imports. Kazakhstan (X square meters) held the second position in the ranking, followed by Belarus (X square meters) and Kyrgyzstan (X square meters). All these countries together took approx. X% share of total imports. Armenia (X square meters), Uzbekistan (X square meters) and Moldova (X square meters) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cotton fabric imports into Russia stood at X%. At the same time, Uzbekistan (X%), Armenia (X%), Kazakhstan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Moldova and Belarus experienced a relatively flat trend pattern. Kazakhstan (X p.p.), Uzbekistan (X p.p.) and Armenia (X p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported woven fabrics of cotton in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per square meter in 2023, waning by X% against the previous year. Overall, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per square meter), while Kyrgyzstan ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform