Russian Federation: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in the Russian Federation

The Russian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021, growing by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed strong growth. Consumption of peaked in 2021 and is likely to continue growth in years to come.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from the Russian Federation

After two years of decline, overseas shipments of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 629% to X tons in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 1,254%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, exports posted significant growth. The growth pace was the most rapid in 2017 when exports increased by 781%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Russia, accounting for a 72% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Kazakhstan exceeded the volume sent to the second major destination, Ukraine (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled +97.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+91.8% per year) and Belarus (-21.3% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Russia, comprising 84% of total exports. The second position in the ranking was held by Ukraine ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan stood at +74.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+72.7% per year) and Belarus (-14.3% per year).

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, falling by -40.3% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable increase. The growth pace was the most rapid in 2018 an increase of 110%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+8.9%), while the prices for the other major destinations experienced a decline.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into the Russian Federation

Imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning into Russia soared to X tons in 2021, increasing by 18% against the year before. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 136%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 97%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Denmark (X tons), South Korea (X tons) and China (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Russia, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +62.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Russia were Denmark ($X), China ($X) and South Korea ($X), together accounting for 67% of total imports.

South Korea, with a CAGR of +79.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, with an increase of 31% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2017 an increase of 130%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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