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Italy - Silk Yarn And Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Italy - Silk Yarn And Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Dec 23, 2023

Italy's Imports of Silk Yarn Surge by 54% to $16M in September 2023

Italy Silk Yarn Imports

In September 2023, after two months of decline, there was significant growth in overseas purchases of silk yarn and yarn spun from silk waste, when their volume increased by 47% to 192 tons. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 with an increase of 75% m-o-m.

In value terms, silk yarn imports skyrocketed to $16M (IndexBox estimates) in September 2023. Over the period under review, total imports indicated slight growth from September 2022 to September 2023: its value increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, imports increased by +54.1% against August 2023 indices. The growth pace was the most rapid in January 2023 with an increase of 88% m-o-m.Italy Silk Yarn Imports By Country (Million USD)

COUNTRYImport Value of Silk Yarn in Italy (million USD)
Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023
Romania6.26.17.63.99.28.89.97.88.99.89.45.710.8
China5.32.22.53.14.42.41.93.14.64.83.33.53.3
Vietnam0.50.10.6< 0.10.30.50.70.20.60.60.70.40.4
Others0.50.70.60.70.60.70.90.81.11.00.80.51.1
Total12.69.211.37.714.512.413.312.015.116.214.210.115.6

Imports by Country

In September 2023, Romania (125 tons) constituted the largest supplier of silk yarn to Italy, with a 65% share of total imports. Moreover, silk yarn imports from Romania exceeded the figures recorded by the second-largest supplier, China (52 tons), twofold.

From September 2022 to September 2023, the average monthly rate of growth in terms of volume from Romania totaled +3.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-4.2% per month) and Vietnam (-2.3% per month).

In value terms, Romania ($11M) constituted the largest supplier of silk yarn to Italy, comprising 69% of total imports. The second position in the ranking was held by China ($3.3M), with a 21% share of total imports.

From September 2022 to September 2023, the average monthly rate of growth in terms of value from Romania totaled +4.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-3.8% per month) and Vietnam (-2.4% per month).

Imports by Type

In September 2023, silk yarn (151 tons) constituted the largest type of silk yarn supplied to Italy, with a 79% share of total imports. Moreover, silk yarn exceeded the figures recorded for the second-largest type, yarn spun from silk waste (39 tons), fourfold.

From September 2022 to September 2023, the average monthly rate of growth in terms of the volume of import of silk yarn stood at +3.6%. With regard to the other supplied products, the following average monthly rates of growth were recorded: yarn spun from silk waste (-6.2% per month) and silk yarn and yarn spun from silk waste, put up for retail sale (+5.3% per month).

In value terms, silk yarn ($13M) constituted the largest type of silk yarn supplied to Italy, comprising 84% of total imports. The second position in the ranking was held by yarn spun from silk waste ($2.3M), with a 15% share of total imports.

Import Prices by Country

In September 2023, the silk yarn price stood at $81,429 per ton (CIF, Italy), growing by 4.9% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in November 2022 an increase of 9.7% m-o-m. The import price peaked at $82,119 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Slovenia ($87,924 per ton) and Romania ($86,895 per ton), while the price for China ($64,151 per ton) and Vietnam ($85,181 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Romania (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silk yarn market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)
  • Prodcom 13104030 - Yarn spun from silk waste, n.p.r.s.
  • Prodcom 13104050 - Silk yarn and silk waste yarn, p.r.s., silk-worm gut

Country coverage:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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