Russian Federation: Woolen Yarn Market 2024

Woolen Yarn Market Size in the Russian Federation

The Russian woolen yarn market contracted to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Woolen yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Woolen Yarn Production in the Russian Federation

In value terms, woolen yarn production surged to $X in 2022 estimated in export price. Over the period under review, production showed a deep downturn. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Woolen Yarn Exports

Exports from the Russian Federation

In 2022, overseas shipments of yarn of wool decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, woolen yarn exports shrank markedly to $X in 2022. In general, exports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for woolen yarn exports from Russia, accounting for a X% share of total exports. Moreover, woolen yarn exports to Kazakhstan exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was taken by Germany (X kg), with a X% share.

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

In value terms, Kazakhstan ($X) remains the key foreign market for yarn of wool exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average woolen yarn export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Woolen Yarn Imports

Imports into the Russian Federation

In 2022, approx. X tons of yarn of wool were imported into Russia; shrinking by X% against 2021 figures. In general, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, woolen yarn imports contracted dramatically to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. 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 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and Lithuania (X tons) were the main suppliers of woolen yarn imports to Russia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

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

Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, saw moderate growth. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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