Russian Federation: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in the Russian Federation

The Russian silk shawl and scarf market declined notably to $X in 2022, with a decrease of -95.3% 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). In general, consumption continues to indicate a sharp downturn. Silk shawl and scarf consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Silk Shawls And Scarves

Exports from the Russian Federation

Silk shawl and scarf exports from Russia dropped markedly to X units in 2022, with a decrease of -92.4% on 2021 figures. In general, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 51%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, silk shawl and scarf exports dropped remarkably to $X in 2022. Over the period under review, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X units) was the main destination for silk shawl and scarf exports from Russia, with a 70% share of total exports. Moreover, silk shawl and scarf exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X units), eightfold. Romania (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus totaled -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-30.7% per year) and Romania (-5.5% per year).

In value terms, Belarus ($X) remains the key foreign market for silk shawls and scarves exports from Russia, comprising 53% of total exports. The second position in the ranking was held by Switzerland ($X), with an 11% share of total exports. It was followed by Romania, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus totaled -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-16.9% per year) and Romania (-8.3% per year).

Export Prices by Country

The average silk shawl and scarf export price stood at $X per unit in 2022, declining by -55.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into the Russian Federation

Silk shawl and scarf imports into Russia shrank rapidly to X units in 2022, dropping by -93.2% on 2021 figures. Over the period under review, imports faced a dramatic downturn. The growth pace was the most rapid in 2017 when imports increased by 12% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk shawl and scarf imports dropped sharply to $X in 2022. Overall, imports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Kyrgyzstan (X units) and China (X units) were the main suppliers of silk shawl and scarf imports to Russia, together accounting for 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +169.2%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of silk shawls and scarves to Russia, comprising 75% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with an 8.2% share of total imports. It was followed by France, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Kyrgyzstan (+202.5% per year) and France (-30.1% per year).

Import Prices by Country

The average silk shawl and scarf import price stood at $X per unit in 2022, declining by -40.4% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 an increase of 49%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then fell rapidly in the following year.

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 Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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