Central Asia: Cotton Fabric Market 2024

Cotton Fabric Market Size in Central Asia

The Central Asian cotton fabric market fell to $X in 2021, shrinking by -13.3% against the previous year. Overall, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cotton Fabric Production in Central Asia

In value terms, cotton fabric production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Cotton Fabric Exports

Exports in Central Asia

Cotton fabric exports soared to X tons in 2021, rising by 39% on 2020. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 78%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, cotton fabric exports soared to $X in 2021. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 124%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkmenistan was the key exporting country with an export of about X tons, which finished at 56% of total exports. Uzbekistan (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons). All these countries together took near 43% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of +18.4%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) remains the largest cotton fabric supplier in Central Asia, comprising 64% of total exports. The second position in the ranking was taken by Turkmenistan ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan totaled +25.1%. In the other countries, the average annual rates were as follows: Turkmenistan (+4.1% per year) and Kazakhstan (+0.1% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, picking up by 2.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2017 when the export price increased by 26% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+5.6%), while the other leaders experienced a decline in the export price figures.

Cotton Fabric Imports

Imports in Central Asia

In 2021, purchases abroad of woven fabrics of cotton increased by 27% to X tons, rising for the second year in a row after five years of decline. Overall, imports, however, showed a deep downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the major importing country with an import of around X tons, which finished at 54% of total imports. Kyrgyzstan (X tons) ranks second in terms of the total imports with a 30% share, followed by Tajikistan (8.7%). The following importers - Uzbekistan (X tons) and Mongolia (X tons) - each accounted for a 6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kazakhstan (with a CAGR of +7.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X) constitutes the largest market for imported woven fabrics of cotton in Central Asia, comprising 65% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 16% share of total imports. It was followed by Tajikistan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +9.7%. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (-24.5% per year) and Tajikistan (-8.5% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, increasing by 79% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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