CIS: Cushion Cover Market 2024

Cushion Cover Market Size in CIS

In 2021, the CIS cushion cover market decreased by -2.5% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cushion Cover Production in CIS

In value terms, cushion cover production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cushion Cover Exports

Exports in CIS

After three years of decline, overseas shipments of furnishing articles for car seats increased by 7.6% to X tons in 2021. Overall, exports, however, showed a pronounced descent. The pace of growth was the most pronounced in 2017 with an increase of 108% 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, cushion cover exports soared to $X in 2021. In general, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2017 when exports increased by 45%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus represented the major exporter of furnishing articles for car seats in the CIS, with the volume of exports amounting to X tons, which was approx. 79% of total exports in 2021. It was distantly followed by Russia (X tons), creating a 19% share of total exports. Uzbekistan (X tons) held a relatively small share of total exports.

Belarus experienced a relatively flat trend pattern with regard to volume of exports of furnishing articles for car seats. At the same time, Uzbekistan (+55.7%) and Russia (+35.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +55.7% from 2012-2021. Belarus (+18 p.p.), Russia (+18 p.p.) and Uzbekistan (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Belarus ($X) and Uzbekistan ($X) were the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

Uzbekistan, with a CAGR of +384.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 2021, jumping by 18% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+211.2%), while the other leaders experienced mixed trends in the export price figures.

Cushion Cover Imports

Imports in CIS

In 2021, approx. X tons of furnishing articles for car seats were imported in the CIS; with an increase of 14% on 2020. In general, imports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 105% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cushion cover imports expanded remarkably to $X in 2021. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 62% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia was the major importer of furnishing articles for car seats in the CIS, with the volume of imports resulting at X tons, which was approx. 45% of total imports in 2021. Kazakhstan (X tons) held a 28% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (17%). The following importers - Azerbaijan (X tons) and Tajikistan (X tons) - together made up 6.2% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Azerbaijan (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) were the countries with the highest levels of imports in 2021, with a combined 91% share of total imports. Azerbaijan and Tajikistan lagged somewhat behind, together accounting for a further 5.2%.

Azerbaijan, with a CAGR of +37.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2015 when the import price increased by 21%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform