Uzbekistan: Silk Yarn Market 2023

Silk Yarn Market Size in Uzbekistan

For the fourth consecutive year, the Uzbek silk yarn market recorded decline in sales value, which decreased by -3.7% to $X in 2021. Overall, consumption, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 7%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silk Yarn Production in Uzbekistan

In value terms, silk yarn production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Uzbekistan

In 2021, shipments abroad of silk yarn and yarn spun from silk waste increased by 271% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded 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 soared to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), the United Arab Emirates (X tons) and China (X tons) were the main destinations of silk yarn exports from Uzbekistan, with a combined 76% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +210.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for silk yarn and yarn spun from silk waste exports from Uzbekistan, comprising 40% of total exports. The second position in the ranking was taken by China ($X), with a 20% share of total exports. It was followed by Iran, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +529.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+101.0% per year) and Iran (0.0% per year).

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, growing by 41% against the previous year. Over the period under review, the export price showed a strong increase. The growth pace was the most rapid in 2020 when the average export price increased by 60% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+102.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Uzbekistan

In 2021, silk yarn imports into Uzbekistan fell significantly to X kg, which is down by -71.6% against the previous year's figure. Over the period under review, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 172%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, silk yarn imports reduced remarkably to $X in 2021. In general, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X kg) and China (X kg) were the main suppliers of silk yarn imports to Uzbekistan.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of -28.2%).

In value terms, Turkey ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Uzbekistan, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled -29.3%.

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, with an increase of 100% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%).

Source: IndexBox Platform

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