Central Asia: Metallised Yarn Market 2024

Metallised Yarn Market Size in Central Asia

The Central Asian metallised yarn market contracted slightly to $X in 2022, dropping by -3.1% against the previous year. Over the period under review, consumption, however, posted a tangible expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Metallised Yarn Production in Central Asia

In value terms, metallised yarn production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a tangible increase. The growth pace was the most rapid in 2016 when the production volume increased by 161% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Metallised Yarn Exports

Exports in Central Asia

Metallised yarn exports skyrocketed to X tons in 2022, increasing by 4,734% against the previous year's figure. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metallised yarn exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Uzbekistan (X kg), distantly followed by Kazakhstan (X kg) were the largest exporters of metallised yarn and strip, together generating 100% of total exports.

From 2013 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +2,493.8%).

In value terms, Kazakhstan ($X) emerged as the largest metallised yarn supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 13% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +67.8%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, shrinking by -32.1% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 72% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+12.1%).

Metallised Yarn Imports

Imports in Central Asia

Metallised yarn imports skyrocketed to X tons in 2022, growing by 22% compared with 2021. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 193%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metallised yarn imports totaled $X in 2022. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 133%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Uzbekistan prevails in imports structure, finishing at X tons, which was near 78% of total imports in 2022. It was distantly followed by Turkmenistan (X tons), Mongolia (X tons) and Kazakhstan (X tons), together generating a 21% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metallised yarn imports into Uzbekistan stood at +35.2%. At the same time, Turkmenistan (+56.9%) and Mongolia (+11.3%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +56.9% from 2012-2022. By contrast, Kazakhstan (-3.0%) illustrated a downward trend over the same period. Uzbekistan (+78 p.p.) and Turkmenistan (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while Mongolia and Kazakhstan saw its share reduced by -11.9% and -64.5% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported metallised yarn and strip in Central Asia, comprising 69% of total imports. The second position in the ranking was held by Mongolia ($X), with a 15% share of total imports. It was followed by Kazakhstan, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan stood at +38.8%. In the other countries, the average annual rates were as follows: Mongolia (+13.8% per year) and Kazakhstan (-2.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, reducing by -13.3% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 110% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Turkmenistan ($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 (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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