Central Asia: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Central Asia

The Central Asian quilted textile products market rose markedly to $X in 2021, with an increase of 6.6% against the previous year. Over the period under review, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Quilted Textile Products Production in Central Asia

In value terms, quilted textile products production reached $X in 2021 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Quilted Textile Products Exports

Exports in Central Asia

For the fifth consecutive year, Central Asia recorded growth in shipments abroad of quilted textile products in the piece (excluding embroidery), which increased by 59% to X tons in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 3,643%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, quilted textile products exports surged to $X in 2021. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 2,828% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Uzbekistan prevails in exports structure, reaching X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Kazakhstan (X kg), constituting a 5.5% share of total exports. Mongolia (X kg) followed a long way behind the leaders.

Uzbekistan was also the fastest-growing in terms of the quilted textile products in the piece (excluding embroidery) exports, with a CAGR of +179.9% from 2015 to 2021. At the same time, Mongolia (+43.2%) and Kazakhstan (+8.4%) displayed positive paces of growth. From 2015 to 2021, the share of Uzbekistan and Kazakhstan increased by +92 and +4.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) remains the largest quilted textile products supplier in Central Asia, comprising 93% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 5.6% share of total exports.

In Uzbekistan, quilted textile products exports increased at an average annual rate of +199.5% over the period from 2015-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+77.2% per year) and Mongolia (+154.4% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, with an increase of 6.9% against the previous year. Over the period under review, the export price posted significant growth. The growth pace was the most rapid in 2019 when the export price increased by 414% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+77.7%), while the other leaders experienced more modest paces of growth.

Quilted Textile Products Imports

Imports in Central Asia

In 2021, imports of quilted textile products in the piece (excluding embroidery) in Central Asia soared to X tons, increasing by 18% compared with 2020 figures. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 134%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, quilted textile products imports contracted to $X in 2021. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 368%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) represented roughly 78% of total imports in 2021. It was distantly followed by Kyrgyzstan (X tons), generating an 18% share of total imports. Tajikistan (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +38.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 95% share of total imports. These countries were followed by Kyrgyzstan, which accounted for a further 4.6%.

Among the main importing countries, Kyrgyzstan, with a CAGR of +38.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, reducing by -24.8% against the previous year. In general, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by 236% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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