Price for Woven Fabrics of Artificial Staple Fibres in Belarus - 2022

Price for Woven Fabrics of Artificial Staple Fibres in Belarus (CIF) - 2022

In March 2022, the average import price for woven fabrics of artificial staple fibres amounted to $1.5 per square meter, falling by -2.4% against the previous month. In general, import price indicated a notable increase from March 2021 to March 2022: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for woven fabrics of artificial staple fibres increased by +16.1% against January 2022 indices. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 66% against the previous month. Over the period under review, average import prices reached the peak figure at $1.6 per square meter in September 2021; however, from October 2021 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Slovenia ($3.6 per square meter), while the price for China ($703 per thousand square meters) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Woven Fabrics of Artificial Staple Fibres in Belarus (FOB) - 2022

The average export price for woven fabrics of artificial staple fibres stood at $512 per thousand square meters in March 2022, reducing by -12.7% against the previous month. Over the period under review, the export price, however, saw strong growth. The growth pace was the most rapid in August 2021 an increase of 202% month-to-month. The export price peaked at $843 per thousand square meters in September 2021; however, from October 2021 to March 2022, the export prices failed to regain momentum.

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

From March 2021 to March 2022, the rate of growth in terms of prices for Russia amounted to +5.6% per month.

Imports of Woven Fabrics of Artificial Staple Fibres in Belarus

Imports of woven fabrics of artificial staple fibres into Belarus contracted modestly to 831K square meters in 2022, dropping by -4.8% against the previous year. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Imports peaked at 1.2M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of woven fabrics of artificial staple fibres amounted to $6.8M in 2022. In general, imports continue to indicate a pronounced downturn. Over the period under review, imports of reached the peak figure at $7.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Woven Fabrics of Artificial Staple Fibres in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	2.5	1.8	1.8	2.0	-7.2%
Russia	1.6	1.5	1.9	1.9	5.9%
China	2.2	1.9	1.4	1.8	-6.5%
Italy	0.7	0.6	0.5	0.6	-5.0%
Others	0.6	0.4	0.4	0.5	-5.9%
Total	7.7	6.3	6.0	6.8	-4.1%

Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Belarus in 2022:

China (373.8K square meters)
Turkey (205.9K square meters)
Russia (105.5K square meters)
Italy (98.0K square meters)

Exports of Woven Fabrics of Artificial Staple Fibres in Belarus

In 2022, shipments abroad of woven fabrics of artificial staple fibres increased by 2.7% to 184K square meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt setback. Over the period under review, the exports of attained the maximum at 257K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of woven fabrics of artificial staple fibres soared to $1.8M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 65%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.