Central Asia: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Central Asia

For the third year in a row, the Central Asian man-made filament fabric market recorded growth in sales value, which increased by 16% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Man-Made Filament Fabric Production in Central Asia

In value terms, man-made filament fabric production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports in Central Asia

In 2021, overseas shipments of woven fabrics of man-made filaments and staple fibers increased by 90% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 305% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, man-made filament fabric exports skyrocketed to $X in 2021. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 383% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Kyrgyzstan (X tons) and Turkmenistan (X tons) dominates exports structure, together committing 83% of total exports. Kazakhstan (X tons) took the next position in the ranking, followed by Uzbekistan (X tons). All these countries together held approx. 17% 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 +138.5%), while the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X) emerged as the largest man-made filament fabric supplier in Central Asia, comprising 49% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 23% share of total exports. It was followed by Uzbekistan, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kyrgyzstan stood at +10.5%. In the other countries, the average annual rates were as follows: Turkmenistan (+60.3% per year) and Uzbekistan (+114.2% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, picking up by 44% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2014 when the export price increased by 183% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

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 Kyrgyzstan (+9.7%), while the other leaders experienced a decline in the export price figures.

Man-Made Filament Fabric Imports

Imports in Central Asia

In 2021, overseas purchases of woven fabrics of man-made filaments and staple fibers were finally on the rise to reach X tons after three years of decline. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2015 with an increase of 94% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, man-made filament fabric imports surged to $X in 2021. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kyrgyzstan (X tons) and Kazakhstan (X tons) prevails in imports structure, together generating 84% of total imports. It was distantly followed by Tajikistan (X tons), constituting an 8.4% share of total imports. The following importers - Uzbekistan (X tons), Turkmenistan (X tons) and Mongolia (X tons) - together made up 8% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kazakhstan (with a CAGR of +16.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported woven fabrics of man-made filaments and staple fibers in Central Asia, comprising 60% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 16% share of total imports. It was followed by Tajikistan, with an 11% share.

In Kazakhstan, man-made filament fabric imports increased at an average annual rate of +18.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+3.9% per year) and Tajikistan (-1.0% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, jumping by 36% against the previous year. Import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the import price increased by 43% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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 Turkmenistan (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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