CIS: Sportswear Market 2024

Sportswear Market Size in CIS

The CIS sportswear market soared to $X in 2021, picking up by 22% against the previous year. The total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.6% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Sportswear Production in CIS

In value terms, sportswear production fell slightly to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +94.6% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 36%. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

Sportswear Exports

Exports in CIS

In 2021, overseas shipments of track suits, ski suits and swimwear increased by 48% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 96% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, sportswear exports soared to $X in 2021. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Russia (X units) and Uzbekistan (X units) dominates exports structure, together comprising 79% of total exports. Kyrgyzstan (X units) ranks next in terms of the total exports with a 7.9% share, followed by Armenia (5.7%). Kazakhstan (X units) and Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kazakhstan (with a CAGR of +74.1%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest sportswear supplier in the CIS, comprising 50% of total exports. The second position in the ranking was taken by Belarus ($X), with a 21% share of total exports. It was followed by Uzbekistan, with a 19% share.

In Russia, sportswear exports expanded at an average annual rate of +16.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (-3.3% per year) and Uzbekistan (+56.8% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, with an increase of 3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 50%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belarus ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+27.0%), while the other leaders experienced mixed trends in the export price figures.

Sportswear Imports

Imports in CIS

In 2021, supplies from abroad of track suits, ski suits and swimwear was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The volume of import peaked at X units in 2012; afterwards, it flattened through to 2021.

In value terms, sportswear imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X units) represented the main importer of track suits, ski suits and swimwear, constituting 54% of total imports. Kazakhstan (X units) took the second position in the ranking, distantly followed by Azerbaijan (X units). All these countries together held approx. 35% share of total imports. The following importers - Kyrgyzstan (X units) and Belarus (X units) - together made up 6.7% of total imports.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported track suits, ski suits and swimwear in the CIS, comprising 65% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 20% share of total imports. It was followed by Belarus, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at -1.9%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+13.8% per year) and Belarus (+14.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, which is down by -5.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Belarus ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+7.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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