Kyrgyzstan: Raw Silk Market 2020

Raw Silk Market Size in Kyrgyzstan

The revenue of the raw silk market in Kyrgyzstan amounted to $X in 2018, going up by X% against the previous year. Overall, raw silk consumption, however, continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. In that year, the raw silk market reached its peak level of $X. From 2016 to 2018, the growth of the raw silk market failed to regain its momentum.

Raw Silk Production in Kyrgyzstan

In value terms, raw silk production amounted to $X in 2018 estimated in export prices. Over the period under review, raw silk production continues to indicate prominent growth. The growth pace was the most rapid in 2016 when production volume increased by X% year-to-year. Kyrgyzstan raw silk production peaked in 2018 and is expected to retain its growth in the near future.

Raw Silk Exports

Exports from Kyrgyzstan

Raw silk exports from Kyrgyzstan totaled X tons in 2018, shrinking by -X% against the previous year. Overall, raw silk exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, raw silk exports reached their peak of X tons, and then declined slightly in the following year.

In value terms, raw silk exports totaled $X in 2018. In general, raw silk exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. In that year, raw silk exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

China prevails in raw silk exports structure, recording X tons, which was near X% of total exports in 2018. It was distantly followed by Vietnam (X tons) and Italy (X tons), together achieving a X% share of total exports. Brazil (X tons), Malaysia (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to raw silk exports from China stood at -X%. At the same time, Brazil (+X%), Vietnam (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Romania experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.), Brazil (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Italy (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest raw silk supplier from Kyrgyzstan, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Italy (+X% per year).

Export Prices by Country

In 2018, the raw silk export price in Kyrgyzstan amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the raw silk export price continues to indicate remarkable growth. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Kyrgyzstan export price peaked in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Romania ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Raw Silk Imports

Imports by Country

India was the largest importing country with an import of about X tons, which finished at X% of total imports. Romania (X tons) took the second position in the ranking, distantly followed by Italy (X tons), Vietnam (X tons) and Japan (X tons). All these countries together occupied near X% share of total imports. The following importers - South Korea (X tons), China (X tons), France (X tons) and Germany (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to raw silk imports into India stood at -X%. At the same time, Germany (+X%), France (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Vietnam (-X%), Japan (-X%), China (-X%), Italy (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Romania increased by +X% percentage points, while China (-X p.p.), Japan (-X p.p.), Vietnam (-X p.p.), South Korea (-X p.p.), Italy (-X p.p.) and India (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest raw silk importing markets into Kyrgyzstan were India ($X), Romania ($X) and Italy ($X), with a combined X% share of total imports. Vietnam, Japan, France, South Korea, Germany and China lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The raw silk import price in Kyrgyzstan stood at $X per ton in 2018, flattening at the previous year. Overall, the raw silk import price continues to indicate a relatively flat trend pattern. Kyrgyzstan import price peaked at $X per ton in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform