CIS: Embroidery Market 2024

Embroidery Market Size in CIS

The CIS embroidery market fell modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a slight curtailment. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Embroidery Production in CIS

In value terms, embroidery production dropped modestly to $X in 2022 estimated in export price. In general, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Embroidery Exports

Exports in CIS

In 2022, approx. X tons of embroidery (without visible ground) in the piece were exported in the CIS; which is down by X% against 2021. Over the period under review, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, embroidery exports reduced rapidly to $X in 2022. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Belarus prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X kg), constituting a X% share of total exports.

Belarus was also the fastest-growing in terms of the embroidery (without visible ground) in the piece exports, with a CAGR of X% from 2012 to 2022. Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Embroidery Imports

Imports in CIS

In 2022, overseas purchases of embroidery (without visible ground) in the piece increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, embroidery imports surged to $X in 2022. Overall, imports enjoyed pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belarus represented the largest importer of embroidery (without visible ground) in the piece in the CIS, with the volume of imports recording X tons, which was near X% of total imports in 2022. Russia (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons) and Uzbekistan (X tons). All these countries together held approx. X% share of total imports. Kyrgyzstan (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to embroidery imports into Belarus stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Russia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Belarus (X p.p.), Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) and Russia (X p.p.) displayed negative dynamics.

In value terms, Belarus ($X) constitutes the largest market for imported embroidery (without visible ground) in the piece in the CIS, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Belarus totaled X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a abrupt downturn. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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