Russian Federation: Woolen Fabric Market 2024

Woolen Fabric Market Size in the Russian Federation

The Russian woolen fabric market reduced notably to $X in 2022, waning by X% against the previous year. In general, consumption saw a abrupt descent. Woolen fabric consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Woolen Fabric Production in the Russian Federation

In value terms, woolen fabric production fell to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Woolen Fabric Exports

Exports from the Russian Federation

Woolen fabric exports from Russia dropped markedly to X square meters in 2022, falling by X% against the previous year's figure. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, woolen fabric exports contracted sharply to $X in 2022. Overall, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. 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

Kazakhstan (X square meters) was the main destination for woolen fabric exports from Russia, with a X% share of total exports. Moreover, woolen fabric exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X square meters), fivefold. The third position in this ranking was taken by Azerbaijan (X square meters), with a X% share.

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

In value terms, Kazakhstan ($X) emerged as the key foreign market for woven woolen fabrics exports from Russia, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with an X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the average woolen fabric export price amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per square meter), while the average price for exports to Azerbaijan ($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 Azerbaijan (X%), while the prices for the other major destinations experienced a decline.

Woolen Fabric Imports

Imports into the Russian Federation

In 2022, approx. X square meters of woven woolen fabrics were imported into Russia; shrinking by X% compared with 2021 figures. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, woolen fabric imports reduced notably to $X in 2022. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of woolen fabric to Russia, accounting for a X% share of total imports. Moreover, woolen fabric imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X square meters), twofold. Italy (X square meters) ranked third in terms of total imports with a X% share.

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

In value terms, the largest woolen fabric suppliers to Russia were China ($X), Lithuania ($X) and Italy ($X), 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 mixed trend patterns.

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Ukraine ($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 Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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