Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus (CIF) - 2022

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.5 per square meter in 2022, picking up by 27% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($0.8 per square meter), while the price for China ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus (FOB) - 2022

In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.2 per square meter, reducing by -1.9% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. As a result, the export price reached the peak level of $0.3 per square meter. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($0.2 per square meter), while the average price for exports to Russia totaled $0.2 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+0.2%).

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus

In 2022, approx. 5.6M square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were imported into Belarus; which is down by -76.9% compared with 2021. In general, imports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 8.1%. As a result, imports attained the peak of 24M square meters, and then reduced sharply in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped notably to $2.7M in 2022. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $9.1M, and then contracted significantly in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Belarus in 2022:

1. Russia (1493.1K square meters)
2. Saudi Arabia (1323.1K square meters)
3. Belgium (1206.8K square meters)
4. China (499.5K square meters)
5. Hungary (486.2K square meters)
6. United Arab Emirates (443.3K square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Belarus

After three years of growth, overseas shipments of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -23.8% to 10M square meters in 2022. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 99% against the previous year. As a result, the exports attained the peak of 14M square meters, and then reduced markedly in the following year.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped remarkably to $2.2M in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 104%. As a result, the exports reached the peak of $3M, and then reduced sharply in the following year.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Belarus in 2022:

1. Russia (9.4M square meters)
2. Ukraine (0.9M square meters)

Source: IndexBox Market Intelligence Platform