Russian Federation: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in the Russian Federation

The Russian plaits and basketwork market reduced to $X in 2022, shrinking by -5.5% against the previous year. Over the period under review, consumption showed a slight reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Plaits And Basketwork Production in the Russian Federation

In value terms, plaits and basketwork production declined to $X in 2022 estimated in export price. In general, production continues to indicate a slight decrease. The growth pace was the most rapid in 2015 with an increase of 40%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Plaits And Basketwork Exports

Exports from the Russian Federation

In 2022, overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -4.9% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, plaits and basketwork exports contracted to $X in 2022. Overall, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for plaits and basketwork exports from Russia, with a 67% share of total exports. Moreover, plaits and basketwork exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), threefold. Kyrgyzstan (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan amounted to +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+9.8% per year) and Kyrgyzstan (+180.7% per year).

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) appeared to be the largest markets for plaits and basketwork exported from Russia worldwide, with a combined 95% share of total exports. Kyrgyzstan lagged somewhat behind, comprising a further 1.3%.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of +136.8%, recorded the highest rates of growth with regard to 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 average plaits and basketwork export price stood at $X per ton in 2022, declining by -9.1% against the previous year. Overall, the export price recorded a pronounced downturn. The growth pace was the most rapid in 2015 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into the Russian Federation

In 2022, overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials increased by 1.8% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a deep downturn. The growth pace was the most rapid in 2016 with an increase of 12% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, plaits and basketwork imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plaits and basketwork supplier to Russia, with a 74% share of total imports. Moreover, plaits and basketwork imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sevenfold. The third position in this ranking was taken by Indonesia (X tons), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-10.9% per year) and Indonesia (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to Russia, comprising 70% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 9.7% share of total imports. It was followed by Indonesia, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-5.8% per year) and Indonesia (-4.9% per year).

Import Prices by Country

The average plaits and basketwork import price stood at $X per ton in 2022, declining by -14.4% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork import price increased by +69.5% against 2014 indices. The most prominent rate of growth was recorded in 2021 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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