Russian Federation: Spun Yarn Market 2021

Spun Yarn Market Size in the Russian Federation

After five years of growth, the Russian spun yarn market decreased by -X% to $X in 2019. Overall, consumption, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Spun yarn consumption peaked at $X in 2018, and then shrank significantly in the following year.

Spun Yarn Production in the Russian Federation

In value terms, spun yarn production totaled $X in 2019 estimated in export prices. In general, production saw a significant increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2019, production remained at a lower figure.

Spun Yarn Exports

Exports from the Russian Federation

In 2019, the amount of yarn spun from silk waste exported from Russia declined remarkably to X kg, shrinking by -X% compared with the previous year. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, spun yarn exports surged to $X in 2019. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

India (X kg) was the main destination for spun yarn exports from Russia, accounting for a X% share of total exports. Moreover, spun yarn exports to India exceeded the volume sent to the second major destination, Kazakhstan (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-X% per year) and Belarus (X% per year).

In value terms, India ($X) emerged as the key foreign market for spun yarn exports from Russia, comprising X% of total exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-X% per year) and Belarus (X% per year).

Export Prices by Country

In 2019, the average spun yarn export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a perceptible slump. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belarus, while the prices for the other major destinations experienced mixed trend patterns.

Spun Yarn Imports

Imports into the Russian Federation

In 2019, approx. X tons of yarn spun from silk waste were imported into Russia; with a decrease of -X% compared with 2018 figures. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2018, and then shrank rapidly in the following year.

In value terms, spun yarn imports contracted sharply to $X in 2019. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2019, China (X kg) constituted the largest supplier of spun yarn to Russia, accounting for a X% share of total imports. Moreover, spun yarn imports from China exceeded the figures recorded by the second-largest supplier, Italy (X kg), threefold. Japan (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Japan (-X% per year).

In value terms, China ($X) constituted the largest supplier of spun yarn to Russia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Belarus (+X% per year).

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belarus (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :