Russian Federation: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

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

The Russian market for polyester tow and staple, not carded, combed or otherwise processed for spinning dropped to $X in 2022, waning by -6.9% against the previous year. Over the period under review, consumption, however, showed a prominent expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in the Russian Federation

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 89% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports from the Russian Federation

In 2022, shipments abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -8.1% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 493%. Over the period under review, the exports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning fell notably to $X in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 409%. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Belarus (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Russia, with a 50% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Belarus exceeded the volume sent to the second major destination, Latvia (X tons), threefold. Kazakhstan (X tons) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus amounted to +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+137.7% per year) and Kazakhstan (+27.1% per year).

In value terms, Belarus ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Russia, comprising 46% of total exports. The second position in the ranking was taken by Latvia ($X), with an 18% share of total exports. It was followed by Kazakhstan, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Belarus totaled +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+149.9% per year) and Kazakhstan (+20.8% per year).

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, waning by -12.7% against the previous year. Overall, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2021 when the average export price increased by 39%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Latvia ($X per ton) and Armenia ($X per ton), while the average price for exports to Lithuania ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the Russian Federation

In 2022, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Russia contracted to X tons, dropping by -6.3% on the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then declined in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted dramatically to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Belarus (X tons), China (X tons) and South Korea (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Russia, together comprising 68% of total imports. Uzbekistan, India, Turkey and Taiwan (Chinese) lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of +86.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Russia were Belarus ($X), China ($X) and South Korea ($X), with a combined 70% share of total imports. Uzbekistan, India, Taiwan (Chinese) and Turkey lagged somewhat behind, together comprising a further 27%.

Uzbekistan, with a CAGR of +80.6%, recorded 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

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, waning by -10.2% against the previous year. In general, the import price showed a pronounced reduction. The growth pace was the most rapid in 2021 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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