Key Market Indicators
Russian imports of clothing accessories are projected to hit nearly $2.9 million by 2028, rising from approximately $2.3 million in 2023. This marks a steady annual growth rate of 3.3% in compound annual growth rate (CAGR). Since 2001, the country's demand for these imports has increased by an average of 2.7% per year. On the export front, Russia is expected to reach about $1.1 million in clothing accessories exports by 2028, up from around $875,000 in 2023. This represents an average annual growth rate of 4%. Russian supply of these goods has seen a more robust growth rate of 5.3% per year since 2001. In the global context, Russia ranked 16th in 2023 for clothing accessories exports. The United Arab Emirates led the rankings with exports totaling $875,000. Following closely were the Netherlands, Malaysia, and Italy, securing the second, third, and fourth spots, respectively.
