Central Asia: Spun Yarn Market 2021

Spun Yarn Market Size in Central Asia

The Central Asian spun yarn market reached $X in 2019, picking up by X% against the previous year. The total consumption indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of consumption peaked at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Spun Yarn Production in Central Asia

In value terms, spun yarn production dropped slightly to $X in 2019 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Production By Country in Central Asia

The country with the largest volume of spun yarn production was Uzbekistan (X tons), accounting for X% of total volume.

In Uzbekistan, spun yarn production expanded at an average annual rate of +X% over the period from 2007-2019.

Spun Yarn Exports

Exports in Central Asia

Spun yarn exports declined remarkably to X kg in 2019, which is down by -X% against 2018. Overall, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, spun yarn exports dropped markedly to $X in 2019. In general, exports showed a sharp contraction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X kg) represented roughly X% of total exports of yarn spun from silk waste in 2019.

Uzbekistan was also the fastest-growing in terms of the yarn spun from silk waste exports, with a CAGR of -X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest spun yarn supplier in Central Asia.

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

Export Prices by Country

The spun yarn export price in Central Asia stood at $X per ton in 2019, which is down by -X% against the previous year. In general, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. The level of export peaked at $X per ton in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2007 to 2019, the rate of growth in terms of prices for Uzbekistan amounted to -X% per year.

Spun Yarn Imports

Imports in Central Asia

For the third consecutive year, Central Asia recorded growth in purchases abroad of yarn spun from silk waste, which increased by X% to X tons in 2019. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, spun yarn imports surged to $X in 2019. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Mongolia represented the main importer of yarn spun from silk waste in Central Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2019. It was distantly followed by Kyrgyzstan (X kg), mixing up a X% share of total imports.

Mongolia was also the fastest-growing in terms of the yarn spun from silk waste imports, with a CAGR of +X% from 2007 to 2019. Kyrgyzstan (-X%) illustrated a downward trend over the same period. While the share of Mongolia (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Kyrgyzstan (-X p.p.) displayed negative dynamics.

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

In Mongolia, spun yarn imports expanded at an average annual rate of +X% over the period from 2007-2019.

Import Prices by Country

In 2019, the spun yarn import price in Central Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2019 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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