Belarus: Woolen Fabric Market 2024

Woolen Fabric Market Size in Belarus

In 2021, the Belarusian woolen fabric market increased by 163% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a precipitous decrease. Woolen fabric consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Woolen Fabric Production in Belarus

In value terms, woolen fabric production surged to $X in 2021 estimated in export price. Overall, production, however, showed a deep downturn. Woolen fabric production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Woolen Fabric Exports

Exports from Belarus

In 2021, overseas shipments of woven woolen fabrics decreased by -40.2% to X square meters, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when exports increased by 154%. Over the period under review, the exports reached the peak figure at X square meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, woolen fabric exports declined dramatically to $X in 2021. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 185% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X square meters) was the main destination for woolen fabric exports from Belarus, with a 85% share of total exports. Moreover, woolen fabric exports to Russia exceeded the volume sent to the second major destination, Ukraine (X square meters), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+27.4% per year) and Armenia (+17.5% per year).

In value terms, Russia ($X) remains the key foreign market for woven woolen fabrics exports from Belarus, comprising 74% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+21.1% per year) and Armenia (+14.6% per year).

Export Prices by Country

In 2021, the average woolen fabric export price amounted to $X per square meter, dropping by -2.5% against the previous year. Overall, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2021, 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 Ukraine ($X per square meter), while the average price for exports to Russia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (-2.5%), while the prices for the other major destinations experienced a decline.

Woolen Fabric Imports

Imports into Belarus

In 2021, overseas purchases of woven woolen fabrics decreased by -25.5% to X square meters, falling for the third consecutive year after two years of growth. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Over the period under review, imports attained the peak figure at X square meters in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen fabric imports declined remarkably to $X in 2021. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 36%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X square meters), Russia (X square meters) and China (X square meters) were the main suppliers of woolen fabric imports to Belarus, with a combined 79% share of total imports. These countries were followed by Ukraine, France, Poland and Turkey, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest woolen fabric suppliers to Belarus were Italy ($X), Russia ($X) and France ($X), with a combined 74% share of total imports. China, Ukraine, Turkey and Poland lagged somewhat behind, together comprising a further 22%.

China, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2021, picking up by 9% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. Over the period under review, average import prices reached the maximum at $X per square meter in 2013; however, from 2014 to 2021, 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 France ($X per square meter), while the price for Italy ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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