Central Asia: Cotton Yarn Market 2022

Cotton Yarn Market Size in Central Asia

In 2021, the Central Asian cotton yarn market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cotton Yarn Production in Central Asia

In value terms, cotton yarn production fell to $X in 2021 estimated in export price. Overall, production saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 183% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell modestly in the following year.

Cotton Yarn Exports

Exports in Central Asia

In 2021, overseas shipments of cotton yarn increased by 5.2% to X tons, rising for the seventh consecutive year after two years of decline. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 251%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, cotton yarn exports skyrocketed to $X in 2021. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 308%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Uzbekistan represented the main exporting country with an export of about X tons, which reached 83% of total exports. It was distantly followed by Turkmenistan (X tons), making up a 12% share of total exports. Tajikistan (X tons) held a relatively small share of total exports.

Uzbekistan was also the fastest-growing in terms of the cotton yarn exports, with a CAGR of +222.0% from 2012 to 2021. At the same time, Tajikistan (+14.2%) displayed positive paces of growth. By contrast, Turkmenistan (-1.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan increased by +83 percentage points.

In value terms, Uzbekistan ($X) remains the largest cotton yarn supplier in Central Asia, comprising 89% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan totaled +222.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkmenistan (-5.0% per year) and Tajikistan (+12.6% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, increasing by 55% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Uzbekistan ($X per ton), while Turkmenistan ($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 (+0.0%), while the other leaders experienced a decline in the export price figures.

Cotton Yarn Imports

Imports in Central Asia

After six years of growth, overseas purchases of cotton yarn decreased by -38.2% to X tons in 2021. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 139%. The volume of import peaked at X tons in 2020, and then declined remarkably in the following year.

In value terms, cotton yarn imports fell remarkably to $X in 2021. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 149% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

Kazakhstan (X tons) and Kyrgyzstan (X tons) dominates imports structure, together making up 80% of total imports. It was distantly followed by Mongolia (X tons) and Uzbekistan (X tons), together making up an 18% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Kazakhstan (with a CAGR of +26.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X), Kazakhstan ($X) and Uzbekistan ($X) constituted the countries with the highest levels of imports in 2021, together comprising 94% of total imports.

In terms of the main importing countries, Kazakhstan, with a CAGR of +26.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, surging by 34% against the previous year. In general, the import price, however, saw a slight reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Mongolia ($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 (+17.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :