Belarus: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Belarus

The Belarusian bedding and furnishing article market expanded remarkably to $X in 2022, growing by 8.4% against the previous year. In general, consumption, however, saw buoyant growth. Bedding and furnishing article consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Belarus

In value terms, bedding and furnishing article production amounted to less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Belarus

In 2022, after six years of growth, there was significant decline in shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), when their volume decreased by -17.5% to X tons. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 55% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted markedly in the following year.

In value terms, bedding and furnishing article exports soared to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for bedding and furnishing article exports from Belarus, with a 66% share of total exports. Moreover, bedding and furnishing article exports to Russia exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by Kazakhstan (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+76.7% per year) and Kazakhstan (+35.7% per year).

In value terms, Russia ($X) remains the key foreign market for bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) exports from Belarus, comprising 61% of total exports. The second position in the ranking was taken by Poland ($X), with an 18% share of total exports. It was followed by Lithuania, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+82.9% per year) and Lithuania (+70.5% per year).

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2022, rising by 67% against the previous year. Overall, the export price, however, recorded a mild reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kazakhstan ($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 Latvia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Belarus

In 2022, purchases abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -47.2% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 66%. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, bedding and furnishing article imports dropped dramatically to $X in 2022. Overall, imports, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2017 when imports increased by 49%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bedding and furnishing article to Belarus, accounting for a 50% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-2.7% per year) and Poland (+2.1% per year).

In value terms, China ($X), Russia ($X) and Turkey ($X) constituted the largest bedding and furnishing article suppliers to Belarus, with a combined 77% share of total imports. Poland, Italy and India lagged somewhat behind, together accounting for a further 14%.

Italy, with a CAGR of +48.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bedding and furnishing article import price amounted to $X per ton, with an increase of 19% against the previous year. Overall, the import price, however, recorded a noticeable slump. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform