CIS: Textile Wadding Market 2022

Textile Wadding Market Size in CIS

In 2021, the CIS textile wadding market decreased by -2.4% to $X, falling for the second year in a row after six years of growth. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Textile Wadding Production in CIS

In value terms, textile wadding production surged to $X in 2021 estimated in export price. Overall, production recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 50% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Textile Wadding Exports

Exports in CIS

In 2021, approx. X tons of wadding of textile materials and articles thereof were exported in the CIS; jumping by 20% on 2020 figures. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 28%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, textile wadding exports expanded remarkably to $X in 2021. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 36%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Russia (X tons) and Uzbekistan (X tons) represented the key exporters of wadding of textile materials and articles thereof in 2021, reaching approx. 45% and 35% of total exports, respectively. It was distantly followed by Belarus (X tons), committing an 18% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of +42.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest textile wadding supplier in the CIS, comprising 63% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +4.4%. In the other countries, the average annual rates were as follows: Uzbekistan (+20.0% per year) and Belarus (+34.3% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, waning by -7.2% against the previous year. In general, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.9%), while the other leaders experienced a decline in the export price figures.

Textile Wadding Imports

Imports in CIS

For the third consecutive year, the CIS recorded growth in supplies from abroad of wadding of textile materials and articles thereof, which increased by 8.6% to X tons in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.1% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 16%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, textile wadding imports dropped to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 25%. The level of import peaked at $X in 2020, and then dropped in the following year.

Imports by Country

Russia was the main importer of wadding of textile materials and articles thereof in the CIS, with the volume of imports resulting at X tons, which was near 50% of total imports in 2021. It was distantly followed by Kazakhstan (X tons), Kyrgyzstan (X tons), Belarus (X tons) and Azerbaijan (X tons), together constituting a 43% share of total imports. Uzbekistan (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +2.2% from 2012 to 2021. At the same time, Tajikistan (+33.9%), Kyrgyzstan (+22.5%), Azerbaijan (+21.2%), Kazakhstan (+13.6%), Uzbekistan (+13.4%) and Belarus (+3.9%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +33.9% from 2012-2021. Kyrgyzstan (+10 p.p.), Kazakhstan (+6.5 p.p.), Azerbaijan (+3.3 p.p.) and Tajikistan (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Russia saw its share reduced by -2.2% and -20.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported wadding of textile materials and articles thereof in the CIS, comprising 50% of total imports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total imports. It was followed by Azerbaijan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at -1.4%. In the other countries, the average annual rates were as follows: Belarus (+0.8% per year) and Azerbaijan (+32.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, declining by -13.5% against the previous year. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2019 an increase of 12%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+9.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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