Belarus: Cotton Fabric Market 2024

Cotton Fabric Market Size in Belarus

In 2021, the Belarusian cotton fabric market decreased by -3.4% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a slight decline. Cotton fabric consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cotton Fabric Production in Belarus

In value terms, cotton fabric production fell to $X in 2021 estimated in export price. Overall, production recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Cotton fabric production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Cotton Fabric Exports

Exports from Belarus

In 2021, cotton fabric exports from Belarus surged to X tons, rising by 24% compared with 2020 figures. Over the period under review, exports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 74% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, cotton fabric exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by 33% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for cotton fabric exports from Belarus, accounting for a 78% share of total exports. Moreover, cotton fabric exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. The third position in this ranking was taken by Kazakhstan (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+16.4% per year) and Kazakhstan (-2.5% per year).

In value terms, Russia ($X) remains the key foreign market for woven fabrics of cotton exports from Belarus, comprising 66% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 21% share of total exports. It was followed by Kazakhstan, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+11.5% per year) and Kazakhstan (-5.1% per year).

Export Prices by Country

The average cotton fabric export price stood at $X per ton in 2021, which is down by -14.7% against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Lithuania ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+5.2%), while the prices for the other major destinations experienced a decline.

Cotton Fabric Imports

Imports into Belarus

In 2021, the amount of woven fabrics of cotton imported into Belarus skyrocketed to X tons, growing by 27% against the year before. Overall, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 87%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, cotton fabric imports reached $X in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.5% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of cotton fabric imports to Belarus, together comprising 84% of total imports. These countries were followed by Turkmenistan, Italy, Uzbekistan and Germany, which together accounted for a further 9.7%.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +113.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of woven fabrics of cotton to Belarus, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.0% per year) and Turkey (+6.8% per year).

Import Prices by Country

The average cotton fabric import price stood at $X per ton in 2021, waning by -9.4% against the previous year. Overall, the import price saw a deep slump. The growth pace was the most rapid in 2020 an increase of 28%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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