Uzbekistan: Silk Yarn Market 2023

Silk Yarn Market Size in Uzbekistan

The Uzbek silk yarn market reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, recorded a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in Uzbekistan

In value terms, silk yarn production fell modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Silk Yarn Exports

Exports from Uzbekistan

After two years of growth, overseas shipments of silk yarn and yarn spun from silk waste decreased by X% to X tons in 2022. Overall, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, silk yarn exports shrank notably to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

Iran (X tons), South Korea (X tons) and India (X tons) were the main destinations of silk yarn exports from Uzbekistan.

From 2017 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), South Korea ($X) and India ($X) constituted the largest markets for silk yarn exported from Uzbekistan worldwide.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average silk yarn export price amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted sharply in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Uzbekistan

In 2022, overseas purchases of silk yarn and yarn spun from silk waste increased by X% to X kg for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, imports, however, faced a dramatic curtailment. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, silk yarn imports expanded modestly to $X in 2022. Overall, imports, however, recorded a precipitous setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) was the main supplier of silk yarn to Uzbekistan, with a X% share of total imports. It was followed by Turkey (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

In 2022, the average silk yarn import price amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a mild setback. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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