Belarus: Cotton Fabric Market 2024

Cotton Fabric Market Size in Belarus

After two years of decline, the Belarusian cotton fabric market increased by X% to $X in 2022. Overall, consumption saw a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Fabric Production in Belarus

In value terms, cotton fabric production soared to $X in 2022 estimated in export price. In general, production showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Cotton fabric production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cotton Fabric Exports

Exports from Belarus

In 2022, approx. X square meters of woven fabrics of cotton were exported from Belarus; shrinking by X% against the year before. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, cotton fabric exports shrank to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X square meters) was the main destination for cotton fabric exports from Belarus, accounting for a X% share of total exports. Moreover, cotton fabric exports to Russia exceeded the volume sent to the second major destination, Ukraine (X square meters), sixfold. The third position in this ranking was taken by Kazakhstan (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for woven fabrics of cotton exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the average cotton fabric export price amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per square meter), while the average price for exports to Russia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced a decline.

Cotton Fabric Imports

Imports into Belarus

In 2022, cotton fabric imports into Belarus dropped rapidly to X square meters, waning by X% on 2021 figures. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports shrank sharply to $X in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X square meters), China (X square meters) and Turkey (X square meters) were the main suppliers of cotton fabric imports to Belarus, with a combined X% share of total imports. Moldova, Turkmenistan, Germany and Kazakhstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of woven fabrics of cotton to Belarus, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

Import Prices by Country

The average cotton fabric import price stood at $X per square meter in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Turkmenistan ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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