Central Asia: Artificial Fur Market 2024

Artificial Fur Market Size in Central Asia

In 2022, the Central Asian artificial fur market decreased by -34.5% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption showed a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Artificial Fur Production in Central Asia

In value terms, artificial fur production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 236%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Artificial Fur Exports

Exports in Central Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of artificial fur, when their volume increased by 1,176% to X tons. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 1,432%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, artificial fur exports surged to $X in 2022. In general, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan represented the largest exporting country with an export of about X tons, which resulted at 54% of total exports. Uzbekistan (X tons) took a 33% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (14%).

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +55.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest artificial fur supplying countries in Central Asia were Kyrgyzstan ($X), Uzbekistan ($X) and Kazakhstan ($X), together comprising 99.9% of total exports.

Uzbekistan, with a CAGR of +117.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by 6.9% against the previous year. Overall, the export price saw buoyant growth. The growth pace was the most rapid in 2014 an increase of 1,435%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+60.1%), while the other leaders experienced mixed trends in the export price figures.

Artificial Fur Imports

Imports in Central Asia

In 2022, approx. X tons of artificial fur were imported in Central Asia; waning by -27.4% compared with 2021. Over the period under review, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of 448%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, artificial fur imports skyrocketed to $X in 2022. In general, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2014 with an increase of 360%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan was the main importing country with an import of about X tons, which accounted for 54% of total imports. Uzbekistan (X tons) held a 34% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (8.2%). Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkmenistan (with a CAGR of -1.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Kazakhstan ($X) constitutes the largest market for imported artificial fur in Central Asia, comprising 82% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 10% share of total imports. It was followed by Kyrgyzstan, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at -2.9%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (-16.0% per year) and Kyrgyzstan (-1.5% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, picking up by 81% against the previous year. In general, the import price saw a measured expansion. The pace of growth was the most pronounced in 2019 an increase of 214%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+28.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :