Belarus: Market for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn 2024

Market Size for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn in Belarus

In 2022, after ten years of growth, there was significant decline in the Belarusian metal thread woven fabric market, when its value decreased by -24.5% to $X. Overall, consumption, however, enjoyed a significant increase. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Exports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Exports from Belarus

In 2022, shipments abroad of woven fabrics of metal thread and woven fabrics of metallised yarn decreased by -2.6% to X square meters for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, posted a mild increase. The pace of growth was the most pronounced in 2021 with an increase of 5.4%. As a result, the exports reached the peak of X square meters, and then contracted slightly in the following year.

In value terms, metal thread woven fabric exports declined dramatically to $X in 2022. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2017 with an increase of 33,700%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X square meters) was the main destination for metal thread woven fabric exports from Belarus, with a 530% share of total exports. Moreover, metal thread woven fabric exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +19.1%.

In value terms, Russia ($X) remains the key foreign market for woven fabrics of metal thread and woven fabrics of metallised yarn exports from Belarus, comprising 94% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 6.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +37.3%.

Export Prices by Country

In 2022, the average metal thread woven fabric export price amounted to $X per square meter, dropping by -34.9% against the previous year. Over the period under review, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 252%. As a result, the export price attained the peak level of $X per square meter, and then contracted dramatically in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Kazakhstan amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+95.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Imports into Belarus

In 2022, supplies from abroad of woven fabrics of metal thread and woven fabrics of metallised yarn decreased by -11.1% to X square meters for the first time since 2011, thus ending a ten-year rising trend. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of X square meters, and then reduced in the following year.

In value terms, metal thread woven fabric imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 845%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X square meters), Italy (X square meters) and Turkey (X square meters) were the main suppliers of metal thread woven fabric imports to Belarus. Moreover, metal thread woven fabric imports in China exceeded the figures recorded by the second-largest supplier, Italy, twofold.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +72.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Russia ($X) constituted the largest metal thread woven fabric suppliers to Belarus, together comprising 80% of total imports.

In terms of the main suppliers, China, with a CAGR of +55.4%, recorded the highest growth rate of the value of imports, 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 metal thread woven fabric import price amounted to $X per square meter, approximately reflecting the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Russia ($X per square meter), while the price for Turkey ($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 Italy (-6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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