Central Asia: Silk Yarn Market 2021

Silk Yarn Market Size in Central Asia

The Central Asian silk yarn market contracted to $X in 2019, declining by -X% against the previous year. In general, consumption showed a slight reduction. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. The level of consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Silk Yarn Production in Central Asia

In value terms, silk yarn production dropped to $X in 2019 estimated in export prices. Overall, production recorded a perceptible setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Production By Country in Central Asia

The countries with the highest volumes of silk yarn production in 2019 were Kazakhstan (X tons), Uzbekistan (X tons) and Tajikistan (X tons), together accounting for X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of silk yarn production, amongst the leading producing countries, was attained by Tajikistan, while silk yarn production for the other leaders experienced a decline in the production figures.

Silk Yarn Exports

Exports in Central Asia

In 2019, overseas shipments of silk yarn decreased by -X% to X tons, falling for the third consecutive year after five years of growth. In general, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, silk yarn exports reduced notably to $X in 2019. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan dominates silk yarn exports structure, recording X tons, which was approx. X% of total exports in 2019. It was distantly followed by Kyrgyzstan (X kg), comprising a X% share of total exports.

Exports from Uzbekistan decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Kyrgyzstan (+X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +X% from 2007-2019. While the share of Kyrgyzstan (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Uzbekistan (-X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest silk yarn supplier in Central Asia, comprising X% of total exports. The second position in the ranking was occupied by Kyrgyzstan ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in Uzbekistan totaled -X%.

Export Prices by Country

The silk yarn export price in Central Asia stood at $X per ton in 2019, picking up by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Kyrgyzstan.

Silk Yarn Imports

Imports in Central Asia

In 2019, approx. X tons of silk yarn were imported in Central Asia; growing by X% compared with the previous year's figure. Over the period under review, imports saw buoyant growth. The volume of import peaked at X tons in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, silk yarn imports fell notably to $X in 2019. In general, imports saw a dramatic decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. The level of import peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

Uzbekistan dominates silk yarn imports structure, finishing at X tons, which was approx. X% of total imports in 2019. It was distantly followed by Kyrgyzstan (X kg), generating a X% share of total imports.

From 2007 to 2019, average annual rates of growth with regard to silk yarn imports into Uzbekistan stood at +X%. At the same time, Kyrgyzstan (+X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +X% from 2007-2019. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported silk yarn in Central Asia, comprising X% of total imports. The second position in the ranking was occupied by Kyrgyzstan ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value in Uzbekistan stood at -X%.

Import Prices by Country

In 2019, the silk yarn import price in Central Asia amounted to $X per ton, dropping by -X% against the previous year. In general, the import price saw a sharp decline. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Kyrgyzstan.

Source: IndexBox Platform

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