Kazakhstan: Silk Yarn Market 2023

Silk Yarn Market Size in Kazakhstan

In 2021, the Kazakh silk yarn market was finally on the rise to reach $X after eight years of decline. In general, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Yarn Production in Kazakhstan

In value terms, silk yarn production rose markedly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports from Kazakhstan

In 2016, exports of silk yarn and yarn spun from silk waste from Kazakhstan skyrocketed to X tons, growing by 67% on 2015. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 424,300%. The exports peaked in 2016 and are likely to see gradual growth in the near future.

In value terms, silk yarn exports skyrocketed to $X in 2016. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 350,217%. Over the period under review, the exports reached the peak figure in 2016 and are likely to continue growth in years to come.

Exports by Country

From 2014 to 2017, the average annual growth rate of volume to No country was relatively modest.

In value terms, Russia ($X) also remains the key foreign market for silk yarn and yarn spun from silk waste exports from Kazakhstan.

From 2014 to 2017, the average annual rate of growth in terms of value to Russia amounted to -99.1%.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2016, waning by -7% against the previous year. Overall, the export price showed a abrupt decrease. The export price peaked at $X per ton in 2014; however, from 2015 to 2016, the export prices failed to regain momentum.

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

From 2014 to 2016, the rate of growth in terms of prices for Russia amounted to -7.0% per year.

Silk Yarn Imports

Imports into Kazakhstan

After two years of decline, purchases abroad of silk yarn and yarn spun from silk waste increased by 416% to X kg in 2021. Overall, imports, however, recorded a noticeable curtailment. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, silk yarn imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 467% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X kg) was the main silk yarn supplier to Kazakhstan, with a 97% share of total imports. It was followed by Turkey (X kg), with a 2.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-10.1% per year) and Russia (-29.1% per year).

In value terms, China ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Kazakhstan, comprising 86% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.7% per year) and Russia (-24.7% per year).

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2021, shrinking by -32.3% against the previous year. Overall, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 160%. As a result, import price reached the peak level of $X per ton, and then fell remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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