CIS: Silk Yarn Market 2021

Silk Yarn Market Size in CIS

After three years of growth, the CIS silk yarn market decreased by -X% to $X in 2019. Overall, consumption showed a slight contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Silk Yarn Production in CIS

In value terms, silk yarn production dropped to $X in 2019 estimated in export prices. In general, production showed a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Production By Country in CIS

Russia (X tons) remains the largest silk yarn producing country in the CIS, comprising approx. X% of total volume. Moreover, silk yarn production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), sevenfold. The third position in this ranking was occupied by Uzbekistan (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in Russia stood at -X%. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (-X% per year) and Uzbekistan (-X% per year).

Silk Yarn Exports

Exports in CIS

In 2019, shipments abroad of silk yarn decreased by -X% to X tons, falling for the third year in a row after five years of growth. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, silk yarn exports reduced markedly to $X in 2019. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, Belarus (X tons) represented the key exporter of silk yarn, generating X% of total exports. It was distantly followed by Uzbekistan (X tons), comprising a X% share of total exports. The following exporters - Kyrgyzstan (X kg) and Armenia (X kg) - each reached a X% share of total exports.

Belarus was also the fastest-growing in terms of the silk yarn exports, with a CAGR of +X% from 2007 to 2019. At the same time, Kyrgyzstan (+X%) and Armenia (+X%) displayed positive paces of growth. By contrast, Uzbekistan (-X%) illustrated a downward trend over the same period. Belarus (+X p.p.), Armenia (+X p.p.) and Kyrgyzstan (+X p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, the largest silk yarn supplying countries in the CIS were Uzbekistan ($X), Belarus ($X) and Kyrgyzstan ($X), with a combined X% share of total exports.

Belarus saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the silk yarn export price in the CIS amounted to $X per ton, dropping by -X% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the export price increased by X% y-o-y. Over the period under review, export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Armenia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Armenia, while the other leaders experienced mixed trends in the export price figures.

Silk Yarn Imports

Imports in CIS

Silk yarn imports soared to X tons in 2019, growing by X% compared with the previous year. In general, imports posted a resilient increase. The volume of import peaked at X tons in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, silk yarn imports surged to $X in 2019. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. The level of import peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

The purchases of the three major importers of silk yarn, namely Russia, Uzbekistan and Belarus, represented more than two-thirds of total import. Kyrgyzstan (X kg) occupied a minor share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belarus, while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Uzbekistan ($X) constituted the countries with the highest levels of imports in 2019, with a combined X% share of total imports.

In terms of the main importing countries, Belarus saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the silk yarn import price in the CIS amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belarus, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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