Kyrgyzstan: Wool Market 2020

Wool Market Size in Kyrgyzstan

The revenue of the wool market in Kyrgyzstan amounted to $X in 2018, surging by X% against the previous year. Overall, wool consumption, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Over the period under review, the wool market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Wool Production in Kyrgyzstan

In value terms, wool production amounted to $X in 2018 estimated in export prices. Over the period under review, wool production continues to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Kyrgyzstan wool production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Wool Exports

Exports from Kyrgyzstan

In 2018, the exports of wool from Kyrgyzstan stood at X tons, going down by -X% against the previous year. Over the period under review, wool exports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. In that year, wool exports attained their peak of X tons. From 2013 to 2018, the growth of wool exports failed to regain its momentum.

In value terms, wool exports amounted to $X in 2018. In general, wool exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, wool exports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

New Zealand was the key exporter of wool in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by the UK (X%), Australia (X%), Mongolia (X%) and Syrian Arab Republic (X%). The following exporters - Uruguay (X tons), Russia (X tons), China (X tons), Kazakhstan (X tons), Turkmenistan (X tons) and Pakistan (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to wool exports from New Zealand stood at -X%. At the same time, Turkmenistan (+X%), Syrian Arab Republic (+X%), Mongolia (+X%), Pakistan (+X%), Russia (+X%), Kazakhstan (+X%), Turkey (+X%), the UK (+X%) and Uruguay (+X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, China (-X%) and Australia (-X%) illustrated a downward trend over the same period. Mongolia (+X p.p.), Syrian Arab Republic (+X p.p.), Turkey (+X p.p.), the UK (+X p.p.), Russia (+X p.p.) and Turkmenistan (+X p.p.) significantly strengthened its position in terms of the global exports, while China, Australia and New Zealand saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wool markets from Kyrgyzstan were New Zealand ($X), Australia ($X) and the UK ($X), together accounting for X% of total exports. These countries were followed by Uruguay, Turkey, China, Russia, Mongolia, Syrian Arab Republic, Pakistan, Turkmenistan, Kazakhstan and Kyrgyzstan, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The wool export price in Kyrgyzstan stood at $X per ton in 2018, waning by -X% against the previous year. Overall, the export price indicated a significant increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. In that year, the export prices for wool reached their peak level of $X per ton. From 2011 to 2018, the growth in terms of the export prices for wool failed to regain its momentum.

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

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

Wool Imports

Imports into Kyrgyzstan

In 2018, the wool imports into Kyrgyzstan amounted to X tons, picking up by X% against the previous year. Overall, wool imports, however, continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Kyrgyzstan imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, wool imports stood at $X in 2018. In general, wool imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Kyrgyzstan imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tons), distantly followed by India (X tons) and the UK (X tons) represented the major importers of wool, together committing X% of total imports. Thailand (X tons), Italy (X tons), South Korea (X tons), Denmark (X tons), Lithuania (X tons), Poland (X tons), Malaysia (X tons), Germany (X tons) and Belgium (X tons) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Thailand, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported wool into Kyrgyzstan, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, wool imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The wool import price in Kyrgyzstan stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the wool import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, the import prices for wool attained their peak figure at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform