Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia - 2022

Contents:

  1. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia (CIF) - 2022
  2. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia (FOB) - 2022
  3. Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia
  4. Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia (CIF) - 2022

The average import price for articles of apparel, clothing accessories and other articles of furskin stood at $796 per unit in 2022, waning by -8.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. The import price peaked at $1,357 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Greece ($1,671 per unit), while the price for Turkey ($213 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (-2.5%), while the prices for the other major suppliers experienced a decline.

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia (FOB) - 2022

In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $1,088 per unit, jumping by 370% against the previous year. Overall, the export price enjoyed measured growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,383 per unit), while the average price for exports to Kazakhstan ($77 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 Norway (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia

Imports of articles of apparel, clothing accessories and other articles of furskin into Russia fell markedly to 1M units in 2022, shrinking by -41.2% on the year before. In general, imports showed a significant decrease. The smallest decline of -16% was in 2021. Over the period under review, imports of hit record highs at 3.4M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of articles of apparel, clothing accessories and other articles of furskin fell markedly to $806M in 2022. Over the period under review, imports faced a precipitous curtailment. The smallest decline of -25.1% was in 2021. Imports peaked at $3.5B in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3,2681,9141,375774-38.1%
Turkey23.314.322.621.2-3.1%
Others18974.410211.2-61.0%
Total3,4802,0031,500806-38.6%

Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Russia in 2022:

  1. China (901.5K units)
  2. Turkey (99.2K units)

Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia

In 2022, the amount of articles of apparel, clothing accessories and other articles of furskin exported from Russia contracted sharply to 4.4K units, with a decrease of -72.5% on the previous year. Overall, exports faced a significant decrease. The growth pace was the most rapid in 2021 with an increase of 30%. The exports peaked at 38K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of apparel, clothing accessories and other articles of furskin soared to $4.8M in 2022. Over the period under review, exports saw a deep setback. The exports peaked at $6.8M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy4472708831,64154.3%
France86.246414546074.7%
Kazakhstan1,135170160219-42.2%
Norway12.441.2106110107.0%
Azerbaijan5.37.550.918.852.5%
Belarus3,1001,049741N/A-51.1%
Others2,0621,0371,5992,3123.9%
Total6,8473,0383,6854,761-11.4%

Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Russia in 2022:

  1. Kazakhstan (2836.0 units)
  2. Italy (508.0 units)
  3. Norway (219.0 units)
  4. Azerbaijan (145.0 units)
  5. France (136.0 units)

Source: IndexBox Market Intelligence Platform

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