Ukraine: Textile Wadding Market 2024

Textile Wadding Market Size in Ukraine

The Ukrainian textile wadding market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, the total consumption indicated pronounced growth 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, consumption increased by X% against 2019 indices. Textile wadding consumption peaked in 2022 and is expected to retain growth in the immediate term.

Textile Wadding Production in Ukraine

In value terms, textile wadding production amounted to $X in 2022 estimated in export price. Overall, the total production indicated slight growth 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Textile Wadding Exports

Exports from Ukraine

In 2022, overseas shipments of wadding of textile materials and articles thereof decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, textile wadding exports declined rapidly to $X in 2022. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Turkey (X tons) was the main destination for textile wadding exports from Ukraine, accounting for a X% share of total exports. Moreover, textile wadding exports to Turkey exceeded the volume sent to the second major destination, Azerbaijan (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Poland (X% per year).

In value terms, the largest markets for textile wadding exported from Ukraine were Turkey ($X), Azerbaijan ($X) and Uzbekistan ($X), together comprising X% of total exports. Poland, Romania, Georgia, Croatia, Russia and Belarus lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

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

Textile Wadding Imports

Imports into Ukraine

In 2022, imports of wadding of textile materials and articles thereof into Ukraine fell rapidly to X tons, with a decrease of X% on the previous year's figure. In general, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, textile wadding imports declined sharply to $X in 2022. Overall, imports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Bulgaria (X tons), Poland (X tons) and Latvia (X tons) were the main suppliers of textile wadding imports to Ukraine, with a combined X% share of total imports.

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

In value terms, Bulgaria ($X), Hungary ($X) and South Korea ($X) constituted the largest textile wadding suppliers to Ukraine, together comprising X% of total imports. Poland, Lithuania, Latvia, Estonia, Turkey, Japan, Russia, China and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile wadding import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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