Central Asia: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Central Asia

In 2021, the Central Asian high-tenacity filament polyester yarn market increased by 9.2% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.9% against 2019 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Polyesters in Central Asia

In value terms, high-tenacity filament polyester yarn production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild decrease. The growth pace was the most rapid in 2017 when the production volume increased by 42% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Central Asia

In 2021, after two years of growth, there was significant decline in shipments abroad of high-tenacity filament yarn of polyesters, when their volume decreased by -69.9% to X tons. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,904%. Over the period under review, the exports hit record highs at X tons in 2020, and then fell markedly in the following year.

In value terms, high-tenacity filament polyester yarn exports dropped remarkably to $X in 2021. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 406% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan represented the largest exporting country with an export of about X tons, which finished at 83% of total exports. It was distantly followed by Uzbekistan (X tons), making up a 15% share of total exports. Kazakhstan (X kg) followed a long way behind the leaders.

Exports from Kyrgyzstan increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, Kazakhstan (+9.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +9.7% from 2012-2021. By contrast, Uzbekistan (-29.6%) illustrated a downward trend over the same period. Uzbekistan (+15 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -14.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kyrgyzstan ($X) remains the largest high-tenacity filament polyester yarn supplier in Central Asia, comprising 67% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 26% share of total exports.

In Kyrgyzstan, high-tenacity filament polyester yarn exports expanded at an average annual rate of +1.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (-35.3% per year) and Kazakhstan (+22.2% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, increasing by 44% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 an increase of 85%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+11.4%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Central Asia

In 2021, overseas purchases of high-tenacity filament yarn of polyesters increased by 24% to X tons, rising for the third year in a row after two years of decline. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 196%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, high-tenacity filament polyester yarn imports surged to $X in 2021. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 174%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Tajikistan (X tons) and Uzbekistan (X tons) prevails in imports structure, together comprising 81% of total imports. Kazakhstan (X tons) ranks next in terms of the total imports with a 9.6% share, followed by Kyrgyzstan (8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Tajikistan (with a CAGR of +54.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in Central Asia, comprising 50% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 22% share of total imports. It was followed by Tajikistan, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan stood at +11.2%. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+45.1% per year) and Tajikistan (+35.0% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, surging by 2.3% against the previous year. In general, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kyrgyzstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+19.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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