Key Market Indicators
Belarus is set to experience rapid growth in fabric imports and exports. Imports are projected to reach $263 million by 2026, up from $214 million in 2021, with an average year-on-year growth of 3.5%. Since 2003, demand for Belarusian fabric has increased by 9% annually. In 2021, Belarus was ranked 27th in terms of imports, with the Netherlands ahead at $214 million. Indonesia, China, and the United States were the 2nd, 3rd, and 4th largest importers respectively. Exports are forecast to reach $60 million by 2026, up from $51 million in 2021, with an average year-on-year growth of 2.8%. Since 2003, supply of Belarusian fabric has risen 9.2% per year. In 2021, Belarus was ranked 33rd in terms of exports, with Brazil ahead at $51 million. South Korea, Italy, and Germany were the 2nd, 3rd, and 4th largest exporters respectively.
