Price for Wigs; Complete, of Synthetic Textile Materials in Belarus - 2022

Price for Wigs; Complete, of Synthetic Textile Materials in Belarus (CIF) - 2022

The average import price for wigs; complete, of synthetic textile materialses stood at $8.6 per unit in 2022, picking up by 50% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wigs; complete, of synthetic textile materialses increased by +86.0% against 2020 indices. The import price peaked at $9.1 per unit in 2015; however, from 2016 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 ($31 per unit), while the price for Spain ($890 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wigs; Complete, of Synthetic Textile Materials in Belarus (FOB) - 2022

The average export price for wigs; complete, of synthetic textile materialses stood at $19 per unit in 2022, jumping by 43% against the previous year. Over the period under review, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 73% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +5.3% per year.

Imports of Wigs; Complete, of Synthetic Textile Materials in Belarus

In 2022, the amount of wigs; complete, of synthetic textile materialses imported into Belarus surged to 32K units, growing by 650% on the previous year's figure. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wigs; complete, of synthetic textile materialses skyrocketed to $275K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Wigs; Complete, of Synthetic Textile Materials in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.4	43.1	10.2	208	261.6%
Germany	3.5	3.2	0.6	21.2	82.3%
Indonesia	2.8	7.8	7.6	15.6	77.3%
Russia	5.5	4.2	0.9	15.4	40.9%
Lithuania	N/A	0.3	0.4	4.3	278.6%
Myanmar	0.2	0.5	1.5	3.2	152.0%
Spain	0.1	0.3	0.5	1.9	166.8%
Kazakhstan	N/A	0.2	N/A	N/A	0%
Others	2.5	4.0	2.9	5.9	33.1%
Total	19.0	63.7	24.5	275	143.7%

Top Suppliers of Wigs; Complete, of Synthetic Textile Materials to Belarus in 2022:

China (24.0K units)
Indonesia (2.5K units)
Spain (2.2K units)
Myanmar (1.1K units)
Russia (0.8K units)
Germany (0.7K units)
Lithuania (0.6K units)

Exports of Wigs; Complete, of Synthetic Textile Materials in Belarus

In 2022, overseas shipments of wigs; complete, of synthetic textile materialses decreased by -91.2% to 121 units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 338%. As a result, the exports attained the peak of 2.2K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of wigs; complete, of synthetic textile materialses plummeted to $2.3K in 2022. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 515%. As a result, the exports attained the peak of $20K. From 2021 to 2022, the growth of the exports of failed to regain momentum.