Central Asia: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Central Asia

The Central Asian cotton (carded or combed) market soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a mild descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Cotton (Carded Or Combed) in Central Asia

In value terms, cotton (carded or combed) production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Exports of Cotton (Carded Or Combed)

Exports in Central Asia

Cotton (carded or combed) exports fell notably to X tons in 2022, which is down by X% against 2021 figures. Overall, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports plummeted to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan was the key exporter of cotton (carded or combed) in Central Asia, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), achieving a X% share of total exports. The following exporters - Kyrgyzstan (X tons) and Tajikistan (X tons) - together made up X% of total exports.

Uzbekistan was also the fastest-growing in terms of the cotton (carded or combed) exports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) and Tajikistan (X%) displayed positive paces of growth. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Kyrgyzstan and Tajikistan increased by X, X and X percentage points, respectively.

In value terms, Uzbekistan ($X) remains the largest cotton (carded or combed) supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price 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, cotton (carded or combed) export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Imports of Cotton (Carded Or Combed)

Imports in Central Asia

In 2022, supplies from abroad of cotton (carded or combed) was finally on the rise to reach X tons after four years of decline. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton (carded or combed) imports skyrocketed to $X in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan (X tons) represented roughly X% of total imports in 2022.

Uzbekistan was also the fastest-growing in terms of the cotton (carded or combed) imports, with a CAGR of X.8% from 2012 to 2022. Uzbekistan (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, Uzbekistan ($X) constitutes the largest market for imported cotton (carded or combed) in Central Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan amounted to X%.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to X% per year.

Source: IndexBox Platform

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