Ukraine: Woolen Yarn Market 2024

Woolen Yarn Market Size in Ukraine

The Ukrainian woolen yarn market amounted to $X in 2021, picking up by 3.3% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.0% against 2019 indices. Woolen yarn consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Woolen Yarn Production in Ukraine

In value terms, woolen yarn production surged to $X in 2021 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -31.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Woolen Yarn Exports

Exports from Ukraine

In 2021, after two years of decline, there was significant growth in shipments abroad of yarn of wool, when their volume increased by 95% to X tons. Over the period under review, exports saw a perceptible expansion. The growth pace was the most rapid in 2014 when exports increased by 5,452%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, woolen yarn exports surged to $X in 2021. Overall, exports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2014 when exports increased by 5,568%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X kg) was the main destination for woolen yarn exports from Ukraine, with a 37% share of total exports. Moreover, woolen yarn exports to Latvia exceeded the volume sent to the second major destination, Italy (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Latvia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-20.0% per year) and Germany (+46.9% per year).

In value terms, Latvia ($X), Italy ($X) and Germany ($X) constituted the largest markets for woolen yarn exported from Ukraine worldwide, together comprising 59% of total exports.

Germany, with a CAGR of +91.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average woolen yarn export price amounted to $X per ton, which is down by -35.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Latvia ($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 Germany (+20.4%), while the prices for the other major destinations experienced mixed trend patterns.

Woolen Yarn Imports

Imports into Ukraine

In 2021, the amount of yarn of wool imported into Ukraine contracted dramatically to X tons, with a decrease of -17.4% compared with the previous year. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 94%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen yarn imports rose rapidly to $X in 2021. Overall, imports saw a slight setback. The most prominent rate of growth was recorded in 2017 when imports increased by 41%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and Turkey (X tons) were the main suppliers of woolen yarn imports to Ukraine, with a combined 54% share of total imports. These countries were followed by Romania, Bulgaria, Belgium, Austria, Poland and Russia, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +68.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of yarn of wool to Ukraine, comprising 28% of total imports. The second position in the ranking was held by Romania ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+42.5% per year) and China (+0.4% per year).

Import Prices by Country

In 2021, the average woolen yarn import price amounted to $X per ton, increasing by 30% against the previous year. In general, the import price showed a strong increase. The growth pace was the most rapid in 2018 an increase of 83% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :