CIS: Silk Yarn Market 2024

Silk Yarn Market Size in CIS

The CIS silk yarn market rose modestly to $X in 2023, surging by X% against the previous year. In general, consumption, however, recorded a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Silk Yarn Production in CIS

In value terms, silk yarn production totaled $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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Silk Yarn Exports

Exports in CIS

In 2023, overseas shipments of silk yarn and yarn spun from silk waste decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, silk yarn exports dropped to $X in 2023. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan represented the largest exporter of silk yarn and yarn spun from silk waste in the CIS, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Uzbekistan (X tons), creating a X% share of total exports. Belarus (X kg) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the silk yarn and yarn spun from silk waste exports, with a CAGR of X% from 2012 to 2023. At the same time, Belarus (X%) and Uzbekistan (X%) displayed positive paces of growth. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, silk yarn exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a moderate increase. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports in CIS

Silk yarn imports soared to X tons in 2023, jumping by X% against the year before. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, silk yarn imports skyrocketed to $X in 2023. Over the period under review, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2023. Azerbaijan (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (X%). Belarus (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to silk yarn imports into Russia stood at X%. At the same time, Azerbaijan (X%), Tajikistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Russia (X p.p.), Azerbaijan (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

In Russia, silk yarn imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Tajikistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform