Central Asia: Silk Yarn Market 2023

Silk Yarn Market Size in Central Asia

After six years of decline, the Central Asian silk yarn market increased by 5.7% to $X in 2021. Over the period under review, consumption, however, continues to indicate a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silk Yarn Production in Central Asia

In value terms, silk yarn production expanded notably to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt slump. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports in Central Asia

In 2021, shipments abroad of silk yarn and yarn spun from silk waste increased by 271% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silk yarn exports skyrocketed to $X in 2021. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of silk yarn and yarn spun from silk waste, namely Uzbekistan, represented more than two-thirds of total export.

Uzbekistan was also the fastest-growing in terms of the silk yarn and yarn spun from silk waste exports, with a CAGR of +24.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in Uzbekistan amounted to +35.7%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, surging by 41% against the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to +9.0% per year.

Silk Yarn Imports

Imports in Central Asia

In 2021, approx. X tons of silk yarn and yarn spun from silk waste were imported in Central Asia; picking up by 255% against the previous year's figure. In general, imports, however, continue to indicate a noticeable setback. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, silk yarn imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a abrupt downturn. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Tajikistan dominates imports structure, amounting to X tons, which was near 79% of total imports in 2021. Mongolia (X kg) ranks second in terms of the total imports with a 9.1% share, followed by Kyrgyzstan (6%) and Kazakhstan (5.3%).

Tajikistan was also the fastest-growing in terms of the silk yarn and yarn spun from silk waste imports, with a CAGR of +53.7% from 2012 to 2021. At the same time, Mongolia (+5.6%) displayed positive paces of growth. By contrast, Kazakhstan (-4.9%) and Kyrgyzstan (-25.5%) illustrated a downward trend over the same period. Tajikistan (+77 p.p.) and Mongolia (+5.1 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan saw its share reduced by -55.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mongolia ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in Central Asia, comprising 62% of total imports. The second position in the ranking was taken by Tajikistan ($X), with a 12% share of total imports. It was followed by Kazakhstan, with an 11% share.

In Mongolia, silk yarn imports increased at an average annual rate of +13.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tajikistan (+25.0% per year) and Kazakhstan (+0.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, reducing by -36.7% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by 57%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+7.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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