CIS: Woolen Yarn Market 2024

Woolen Yarn Market Size in CIS

In 2023, the CIS woolen yarn market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Woolen Yarn Production in CIS

In value terms, woolen yarn production declined slightly to $X in 2023 estimated in export price. Over the period under review, production showed a drastic downturn. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Woolen Yarn Exports

Exports in CIS

In 2023, the amount of yarn of wool exported in the CIS surged to X tons, rising by X% on the previous year. Over the period under review, exports saw tangible growth. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, woolen yarn exports soared to $X in 2023. Overall, exports, however, showed a drastic downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X tons) and Belarus (X tons) were the major exporters of yarn of wool in 2023, finishing at near X% and X% of total exports, respectively. It was distantly followed by Russia (X tons), achieving a X% share of total exports. Moldova (X tons) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest woolen yarn supplying countries in the CIS were Belarus ($X), Russia ($X) and Moldova ($X), with a combined X% share of total exports. Uzbekistan lagged somewhat behind, accounting for a further X%.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

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

Woolen Yarn Imports

Imports in CIS

In 2023, overseas purchases of yarn of wool were finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, woolen yarn imports skyrocketed to $X in 2023. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Russia represented the major importing country with an import of about X tons, which finished at X% of total imports. Kyrgyzstan (X tons) ranks second in terms of the total imports with a X% share, followed by Belarus (X%), Uzbekistan (X%) and Moldova (X%). The following importers - Kazakhstan (X tons) and Tajikistan (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to woolen yarn imports into Russia stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Belarus (X%), Tajikistan (X%) and Moldova (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. Kazakhstan experienced a relatively flat trend pattern. While the share of Kyrgyzstan (X p.p.), Uzbekistan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest woolen yarn importing markets in the CIS were Russia ($X), Kyrgyzstan ($X) and Tajikistan ($X), together accounting for X% of total imports. Moldova, Belarus, Uzbekistan and Kazakhstan lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Tajikistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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