Central Asia: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Central Asia

The Central Asian cotton sewing thread market fell to $X in 2021, waning by -6.4% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Cotton Sewing Thread Production in Central Asia

In value terms, cotton sewing thread production shrank modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 18%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Cotton Sewing Thread Exports

Exports in Central Asia

In 2021, cotton sewing thread exports in Central Asia reduced dramatically to X tons, falling by -82.6% on 2020. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 3,537%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, cotton sewing thread exports shrank notably to $X in 2021. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 3,865% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted significantly in the following year.

Exports by Country

In 2021, Uzbekistan (X tons) represented the key exporter of cotton sewing thread in Central Asia, comprising 99% of total export.

Uzbekistan was also the fastest-growing in terms of the cotton sewing thread exports, with a CAGR of +55.1% from 2012 to 2021. Uzbekistan (+98 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest cotton sewing thread supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan totaled +18.5%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, reducing by -64.4% against the previous year. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2014 when the export price increased by 255% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2012 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to -23.6% per year.

Cotton Sewing Thread Imports

Imports in Central Asia

In 2021, approx. X tons of cotton sewing thread were imported in Central Asia; shrinking by -46% compared with the year before. In general, imports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, cotton sewing thread imports reduced to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan represented the main importing country with an import of around X tons, which finished at 47% of total imports. Kyrgyzstan (X tons) took the second position in the ranking, distantly followed by Tajikistan (X tons), Mongolia (X tons) and Uzbekistan (X tons). All these countries together held approx. 52% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported cotton sewing thread in Central Asia, comprising 47% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 23% share of total imports. It was followed by Tajikistan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +3.7%. In the other countries, the average annual rates were as follows: Kyrgyzstan (+17.8% per year) and Tajikistan (-1.1% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, surging by 63% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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