Russia Knitting Yarn Ball Retail Market Size & Outlook
Russia knitting yarn ball retail market, 2018-2030 (US$M)
Related Markets
Russia knitting yarn ball retail market highlights
- The Russia knitting yarn ball retail market generated a revenue of USD 220.9 million in 2022 and is expected to reach USD 311.5 million by 2030.
- The Russia market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, physical stores was the largest revenue generating channel type in 2022.
- Online Channels is the most lucrative channel type segment registering the fastest growth during the forecast period.
Knitting yarn ball retail market data book summary
| Market revenue in 2022 | USD 220.9 million |
| Market revenue in 2030 | USD 311.5 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Physical stores |
| Fastest growing segment | Online Channels |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Physical Stores, Online Channels |
| Key market players worldwide | Sullivans USA, Ganga Acrowools, Vardhman Group, Hobbii, Ball Corp |
Other key industry trends
- In terms of revenue, Russia accounted for 3.9% of the global knitting yarn ball retail market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany knitting yarn ball retail market is projected to lead the regional market in terms of revenue in 2030.
- Scandinavia is the fastest growing regional market in Europe and is projected to reach USD 444.2 million by 2030.
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Knitting Yarn Ball Retail Market Scope
Knitting Yarn Ball Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia knitting yarn ball retail market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to knitting yarn ball retail market will help companies and investors design strategic landscapes.
Physical stores was the largest segment with a revenue share of 82.53% in 2022. Horizon Databook has segmented the Russia knitting yarn ball retail market based on physical stores, online channels covering the revenue growth of each sub-segment from 2018 to 2030.
The knitting activity holds a cultural significance in Russia as knitted clothes and accessories are worn at traditional events and festivals in the country. The women in Russia have passed down this hobby from generation to generation.
A number of old-aged women who were seen selling their knitted products around the roads in the past are nowadays using online apps to sell their products. For instance, in 2019, a page was started in Russia on an online app wherein old women can join and sell their knitted products for good prices.
Moreover, the demand for knitted products such as sweaters, shawls, socks, and hats is high in the country owing to cold weather conditions. This has further encouraged old and young generations to knit winter wear, thereby fueling the demand for knitting yarn balls in Russia.
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Our clientele includes a mix of knitting yarn ball retail market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia knitting yarn ball retail market , including forecasts for subscribers. This country databook contains high-level insights into Russia knitting yarn ball retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia knitting yarn ball retail market size, by channel type, 2018-2030 (US$M)
Russia Knitting Yarn Ball Retail Market Outlook Share, 2022 & 2030 (US$M)
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