Turkmenistan: Raw Silk Market 2020

Raw Silk Market Size in Turkmenistan

The revenue of the raw silk market in Turkmenistan amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, the total market indicated resilient growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, raw silk consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the raw silk market reached its maximum level in 2018 and is likely to continue its growth in the immediate term.

Raw Silk Production in Turkmenistan

In value terms, raw silk production totaled $X in 2018 estimated in export prices. Over the period under review, raw silk production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Turkmenistan raw silk production peaked in 2018 and is expected to retain its growth in the immediate term.

Raw Silk Exports

Exports from Turkmenistan

In 2018, the amount of raw silk exported from Turkmenistan stood at X tons, surging by X% against the previous year. Overall, raw silk exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. In that year, raw silk exports reached their peak of X tons. From 2011 to 2018, the growth of raw silk exports remained at a somewhat lower figure.

In value terms, raw silk exports amounted to $X in 2018. Over the period under review, raw silk exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, raw silk exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China prevails in raw silk exports structure, accounting for X tons, which was near X% of total exports in 2018. Vietnam (X tons) occupied the second position in the ranking, followed by Italy (X tons). All these countries together took near X% share of total exports. Brazil (X tons), Malaysia (X tons) and Romania (X tons) occupied a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to raw silk exports from China stood at -X%. At the same time, Brazil (+X%), Vietnam (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Romania experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.), Brazil (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy and China saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest raw silk supplier from Turkmenistan, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

In China, raw silk exports remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Italy (+X% per year).

Export Prices by Country

The raw silk export price in Turkmenistan stood at $X per ton in 2018, going down by -X% against the previous year. Overall, the raw silk export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% y-o-y. In that year, the export prices for raw silk attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for raw silk remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Romania ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Raw Silk Imports

Imports by Country

India represented the major importer of raw silk in the world, with the volume of imports reaching X tons, which was approx. X% of total imports in 2018. Romania (X tons) occupied the second position in the ranking, distantly followed by Italy (X tons), Vietnam (X tons) and Japan (X tons). All these countries together took near X% share of total imports. South Korea (X tons), China (X tons), France (X tons) and Germany (X tons) took a little share of total imports.

Imports into India decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Germany (+X%), France (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Vietnam (-X%), Japan (-X%), China (-X%), Italy (-X%) and South Korea (-X%) illustrated a downward trend over the same period. Romania (+X p.p.) significantly strengthened its position in terms of the global imports, while China, Japan, Vietnam, South Korea, Italy and India saw its share reduced by -X%, -X%, -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Romania ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by Vietnam, Japan, France, South Korea, Germany and China, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the raw silk import price in Turkmenistan amounted to $X per ton, flattening at the previous year. In general, the raw silk import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform