CIS: Silk Yarn Market 2023

Silk Yarn Market Size in CIS

In 2021, the CIS silk yarn market was finally on the rise to reach $X after six years of decline. In general, consumption, however, recorded a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silk Yarn Production in CIS

In value terms, silk yarn production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Silk Yarn Exports

Exports in CIS

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 saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silk yarn exports surged to $X in 2021. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Uzbekistan (X tons) was the largest exporter of silk yarn and yarn spun from silk waste in the CIS, comprising 99% 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. While the share of Uzbekistan (+6.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 39% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

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 CIS

In 2021, overseas purchases of silk yarn and yarn spun from silk waste were finally on the rise to reach X tons after two years of decline. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silk yarn imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Russia represented the major importing country with an import of about X tons, which amounted to 49% of total imports. Tajikistan (X tons) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (19%). The following importers - Kyrgyzstan (X kg), Kazakhstan (X kg) and Azerbaijan (X kg) - each finished at a 5.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tajikistan (with a CAGR of +53.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in the CIS, comprising 79% of total imports. The second position in the ranking was taken by Belarus ($X), with a 15% share of total imports. It was followed by Tajikistan, with a 1.6% share.

In Russia, silk yarn imports increased at an average annual rate of +8.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+6.3% per year) and Tajikistan (+25.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, saw a noticeable slump. The growth pace was the most rapid in 2019 when the import price increased by 3.1%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Russia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :