CIS: Festive Articles Market 2024

Festive Articles Market Size in CIS

In 2022, after two years of growth, there was significant decline in the CIS festive articles market, when its value decreased by -11.7% to $X. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Festive Articles Production in CIS

In value terms, festive articles production expanded slightly to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 56%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Festive Articles Exports

Exports in CIS

In 2022, overseas shipments of festive or carnival articles increased by 31% to X tons, rising for the sixth consecutive year after three years of decline. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 150%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, festive articles exports surged to $X in 2022. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 146%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) and Belarus (X tons) dominates exports structure, together achieving 91% of total exports. It was distantly followed by Kazakhstan (X tons), making up a 5.4% share of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +96.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest festive articles supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), together accounting for 99% of total exports.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +68.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 an increase of 26%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 Belarus ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-1.0%), while the other leaders experienced a decline in the export price figures.

Festive Articles Imports

Imports in CIS

Festive articles imports reduced to X tons in 2022, falling by -9% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, festive articles imports declined to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Russia represented the key importer of festive or carnival articles in the CIS, with the volume of imports amounting to X tons, which was near 66% of total imports in 2022. It was distantly followed by Belarus (X tons), Kazakhstan (X tons), Azerbaijan (X tons) and Uzbekistan (X tons), together mixing up a 29% share of total imports. Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to festive articles imports into Russia stood at -2.8%. At the same time, Azerbaijan (+43.4%), Uzbekistan (+34.7%), Kazakhstan (+24.4%), Belarus (+23.4%) and Armenia (+15.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +43.4% from 2012-2022. Belarus (+9.1 p.p.), Azerbaijan (+6.3 p.p.), Kazakhstan (+6.2 p.p.), Uzbekistan (+5.3 p.p.) and Armenia (+2 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -19.4% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported festive or carnival articles in the CIS, comprising 70% of total imports. The second position in the ranking was taken by Belarus ($X), with a 13% share of total imports. It was followed by Kazakhstan, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -2.4%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+18.5% per year) and Kazakhstan (+21.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 13% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while Uzbekistan ($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 (+16.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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