Price for Embroidery; in the Piece, in Strips or in Motifs in Russia - 2022

Contents:

1. Price for Embroidery; in the Piece, in Strips or in Motifs in Russia (CIF) - 2022
2. Price for Embroidery; in the Piece, in Strips or in Motifs in Russia (FOB) - 2022
3. Imports of Embroidery; in the Piece, in Strips or in Motifs in Russia
4. Exports of Embroidery; in the Piece, in Strips or in Motifs in Russia

Price for Embroidery; in the Piece, in Strips or in Motifs in Russia (CIF) - 2022

The average import price for embroidery; in the piece, in strips or in motifses stood at $3,250 per ton in 2022, waning by -66.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure at $21,600 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 China ($13,072 per ton), while the price for Kyrgyzstan ($365 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.3%), while the prices for the other major suppliers experienced a decline.

Price for Embroidery; in the Piece, in Strips or in Motifs in Russia (FOB) - 2022

In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $49,561 per ton, surging by 18% against the previous year. Overall, the export price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 79% against the previous year. The export price peaked at $70,284 per ton in 2013; however, from 2014 to 2022, 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 Moldova ($126,000 per ton), while the average price for exports to Lithuania ($104 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 the UK (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Embroidery; in the Piece, in Strips or in Motifs in Russia

Imports of embroidery; in the piece, in strips or in motifses into Russia surged to 4.5K tons in 2022, increasing by 156% on the previous year's figure. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of embroidery; in the piece, in strips or in motifses reduced dramatically to $15M in 2022. In general, imports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 44%. As a result, imports attained the peak of $17M, and then declined notably in the following year.

Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Russia in 2022:

1. Kyrgyzstan (3491.5 tons)
2. China (605.0 tons)
3. Turkey (346.8 tons)
4. United Arab Emirates (21.6 tons)

Exports of Embroidery; in the Piece, in Strips or in Motifs in Russia

Exports of embroidery; in the piece, in strips or in motifses from Russia expanded modestly to 5.3 tons in 2022, growing by 3.1% compared with the previous year. Over the period under review, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 64%. As a result, the exports reached the peak of 8.1 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of embroidery; in the piece, in strips or in motifses soared to $260K in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $307K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Russia in 2022:

1. Kazakhstan (1724.0 kg)
2. Lithuania (946.0 kg)
3. Armenia (826.0 kg)
4. Turkey (401.0 kg)
5. China (225.0 kg)
6. Moldova (169.0 kg)
7. India (154.0 kg)
8. United Kingdom (153.0 kg)
9. Sweden (131.0 kg)
10. Mongolia (128.0 kg)
11. Portugal (113.0 kg)
12. Tajikistan (92.0 kg)

Source: IndexBox Market Intelligence Platform