Central Asia: Raw Silk Market 2024

Raw Silk Market Size in Central Asia

After four years of growth, the Central Asian raw silk market decreased by X% to $X in 2022. The total consumption indicated a tangible 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, consumption increased by X% against 2017 indices. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Raw Silk Production in Central Asia

In value terms, raw silk production dropped slightly to $X in 2022 estimated in export price. The total production indicated noticeable 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Uzbekistan (X tons) constituted the country with the largest volume of raw silk production, comprising approx. X% of total volume. Moreover, raw silk production in Uzbekistan exceeded the figures recorded by the second-largest producer, Tajikistan (X tons), more than tenfold. Turkmenistan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Uzbekistan amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Tajikistan (X% per year) and Turkmenistan (X% per year).

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Raw Silk Exports

Exports in Central Asia

In 2022, shipments abroad of raw silk was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, raw silk exports surged to $X in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. The following exporters - Tajikistan (X tons) and Kyrgyzstan (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to raw silk exports from Uzbekistan stood at X%. Tajikistan (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Tajikistan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a remarkable 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, raw silk export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 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.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Raw Silk Imports

Imports in Central Asia

In 2022, the amount of raw silk imported in Central Asia reduced notably to X tons, falling by X% compared with the year before. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then declined notably in the following year.

In value terms, raw silk imports shrank sharply to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, Kyrgyzstan (X tons) represented the key importer of raw silk, comprising X% of total imports. It was distantly followed by Turkmenistan (X tons), generating a X% share of total imports.

Kyrgyzstan was also the fastest-growing in terms of the raw silk imports, with a CAGR of X% from 2012 to 2022. Turkmenistan (X%) illustrated a downward trend over the same period. Turkmenistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Kyrgyzstan totaled 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. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Kyrgyzstan amounted to $X per ton.

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

Source: IndexBox Platform

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