Russian Federation: Silk Fabric Market 2024

Silk Fabric Market Size in the Russian Federation

The Russian silk fabric market reached $X in 2022, leveling off at the previous year. In general, consumption showed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Silk Fabric Production in the Russian Federation

In value terms, silk fabric production dropped to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Silk fabric production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Silk Fabric Exports

Exports from the Russian Federation

In 2022, the amount of woven fabrics of silk or of silk waste exported from Russia dropped remarkably to X square meters, with a decrease of X% against 2021 figures. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports declined sharply to $X in 2022. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X square meters) was the main destination for silk fabric exports from Russia, with a X% share of total exports. Moreover, silk fabric exports to the Netherlands exceeded the volume sent to the second major destination, Kazakhstan (X square meters), ninefold. Portugal (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to X.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Portugal (X.0% per year).

In value terms, Slovakia ($X), the United Arab Emirates ($X) and Switzerland ($X) were the largest markets for silk fabric exported from Russia worldwide, with a combined X% share of total exports. The Netherlands, Kazakhstan and Portugal lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Portugal, with a CAGR of X.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2022, declining by X% against the previous year. Over the period under review, the export price saw a pronounced slump. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per square meter), while the average price for exports to the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into the Russian Federation

In 2022, imports of woven fabrics of silk or of silk waste into Russia dropped to X square meters, falling by X% against 2021. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, silk fabric imports contracted to $X in 2022. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of silk fabric to Russia, with a X% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), threefold. The third position in this ranking was taken by Lithuania (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Lithuania (X% per year).

In value terms, China ($X), Italy ($X) and Lithuania ($X) constituted the largest silk fabric suppliers to Russia, with a combined X% share of total imports.

Among the main suppliers, Lithuania, 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 a decline.

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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