CIS: Silk-Worm Cocoons Market 2024

Silk-Worm Cocoons Market Size in CIS

In 2022, after two years of growth, there was decline in the CIS silk-worm cocoons market, when its value decreased by -0.8% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Silk-Worm Cocoons Production in CIS

In value terms, silk-worm cocoons production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 131%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Uzbekistan (X tons) constituted the country with the largest volume of silk-worm cocoons production, accounting for 90% of total volume. Moreover, silk-worm cocoons production in Uzbekistan exceeded the figures recorded by the second-largest producer, Tajikistan (X tons), more than tenfold.

In Uzbekistan, silk-worm cocoons production decreased by an average annual rate of -1.3% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Tajikistan (-0.3% per year) and Azerbaijan (+65.8% per year).

Silk-Worm Cocoons Exports

Exports in CIS

In 2022, approx. X tons of silk-worm cocoons (reelable) were exported in the CIS; with a decrease of -51.2% against the year before. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 565% against the previous year. The volume of export peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, silk-worm cocoons exports shrank notably to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2015 with an increase of 569% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Tajikistan represented the main exporting country with an export of around X tons, which amounted to 57% of total exports. Kazakhstan (X tons) ranks second in terms of the total exports with a 30% share, followed by Azerbaijan (9.1%). Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +34.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest silk-worm cocoons supplying countries in the CIS were Tajikistan ($X), Kazakhstan ($X) and Azerbaijan ($X), with a combined 96% share of total exports.

Kazakhstan, with a CAGR of +33.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, which is down by -7.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+20.5%), while the other leaders experienced mixed trends in the export price figures.

Silk-Worm Cocoons Imports

Imports in CIS

Silk-worm cocoons imports fell remarkably to X tons in 2022, with a decrease of -43.9% against the previous year. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 415%. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, silk-worm cocoons imports reduced rapidly to $X in 2022. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 411% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Kazakhstan dominates imports structure, recording X tons, which was approx. 95% of total imports in 2022. It was distantly followed by Kyrgyzstan (X tons), achieving a 5.4% share of total imports.

Kazakhstan was also the fastest-growing in terms of the silk-worm cocoons (reelable) imports, with a CAGR of +54.8% from 2012 to 2022. Kyrgyzstan (-16.9%) illustrated a downward trend over the same period. While the share of Kazakhstan (+91 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (-91.2 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported silk-worm cocoons (reelable) in the CIS, comprising 99% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +27.3%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, shrinking by -5.3% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2017 when the import price increased by 82% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Kazakhstan ($X per ton), while Kyrgyzstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-17.8%).

Source: IndexBox Platform

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