CIS: Silk Fabric Market 2024

Silk Fabric Market Size in CIS

The CIS silk fabric market amounted to $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Silk Fabric Production in CIS

In value terms, silk fabric production shrank slightly to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Silk Fabric Exports

Exports in CIS

In 2022, overseas shipments of woven fabrics of silk or of silk waste increased by X% to X square meters, rising for the seventh year in a row after three years of decline. In general, exports showed a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, silk fabric exports soared to $X in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Uzbekistan was the key exporter of woven fabrics of silk or of silk waste in the CIS, with the volume of exports accounting for X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Belarus (X square meters), mixing up a X% share of total exports. Azerbaijan (X square meters) took a relatively small share of total exports.

Uzbekistan was also the fastest-growing in terms of the woven fabrics of silk or of silk waste exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%) displayed positive paces of growth. By contrast, Azerbaijan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Azerbaijan (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Uzbekistan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per square meter, with an increase of X% against the previous year. Overall, the export price saw significant growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per square meter), while Belarus ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Silk Fabric Imports

Imports in CIS

In 2022, imports of woven fabrics of silk or of silk waste in the CIS skyrocketed to X square meters, with an increase of X% against the previous year's figure. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, silk fabric imports shrank to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kyrgyzstan prevails in imports structure, resulting at X square meters, which was near X% of total imports in 2022. Russia (X square meters) held a little share of total imports.

Kyrgyzstan was also the fastest-growing in terms of the woven fabrics of silk or of silk waste imports, with a CAGR of X% from 2012 to 2022. Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan increased by X percentage points.

In value terms, Kyrgyzstan ($X) and Russia ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per square meter, dropping by X% against the previous year. Over the period under review, the import price saw a dramatic downturn. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per square meter), while Kyrgyzstan totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

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