Eastern Europe: Artificial Fur Market 2024

Artificial Fur Market Size in Eastern Europe

The East European artificial fur market shrank rapidly to $X in 2022, dropping by X% against the previous year. In general, consumption saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Artificial Fur Production in Eastern Europe

In value terms, artificial fur production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2021, and then shrank slightly in the following year.

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Artificial Fur Exports

Exports in Eastern Europe

In 2022, approx. X tons of artificial fur were exported in Eastern Europe; increasing by X% against 2021 figures. In general, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, artificial fur exports skyrocketed to $X in 2022. Overall, exports saw a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belarus (X tons) was the main exporter of artificial fur, achieving X% of total exports. It was distantly followed by Poland (X tons) and Russia (X tons), together creating a X% share of total exports. Ukraine (X tons), the Czech Republic (X tons) and Bulgaria (X tons) held a relatively small share of total exports.

Belarus was also the fastest-growing in terms of the artificial fur exports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%), the Czech Republic (X%), Bulgaria (X%) and Ukraine (X%) displayed positive paces of growth. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus and Poland increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) emerged as the largest artificial fur supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Belarus, artificial fur exports expanded 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: Poland (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a mild decline. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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 the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Artificial Fur Imports

Imports in Eastern Europe

In 2022, the amount of artificial fur imported in Eastern Europe was estimated at X tons, with an increase of X% on the previous year's figure. Overall, imports continue to indicate notable growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, artificial fur imports shrank to $X in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X tons) represented the major importer of artificial fur, creating X% of total imports. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Poland (X%). The following importers - Ukraine (X tons), Bulgaria (X tons), Romania (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

Belarus was also the fastest-growing in terms of the artificial fur imports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%), the Czech Republic (X%) and Bulgaria (X%) displayed positive paces of growth. By contrast, Russia (X%), Romania (X%) and Ukraine (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.), Romania (X p.p.) and Ukraine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest artificial fur importing markets in Eastern Europe were Russia ($X), Poland ($X) and Belarus ($X), with a combined X% share of total imports.

Poland, 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 Eastern Europe amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform