Argentina: Silk Fabric Market 2024

Silk Fabric Market Size in Argentina

For the ninth consecutive year, the Argentinian silk fabric market recorded decline in sales value, which decreased by -22.7% to $X in 2021. Overall, consumption continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2016 with a decrease of -4.9% against the previous year. Silk fabric consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silk Fabric Exports

Exports from Argentina

Silk fabric exports from Argentina contracted to X square meters in 2021, reducing by -8.1% on 2020. Over the period under review, exports faced a sharp curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 149%. Over the period under review, the exports hit record highs at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports contracted sharply to $X in 2021. In general, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 163% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for silk fabric exports from Argentina, with a 68% share of total exports. Moreover, silk fabric exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X square meters), fourfold. The third position in this ranking was held by Bolivia (X square meters), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-4.7% per year) and Bolivia (-14.3% per year).

In value terms, Uruguay ($X) remains the key foreign market for woven fabrics of silk or of silk waste exports from Argentina, comprising 42% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Uruguay totaled -35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-35.6% per year) and the United Arab Emirates (-34.0% per year).

Export Prices by Country

In 2021, the average silk fabric export price amounted to $X per square meter, waning by -40.9% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 41%. The export price peaked at $X per square meter in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Argentina

For the fifth year in a row, Argentina recorded decline in purchases abroad of woven fabrics of silk or of silk waste, which decreased by -7.8% to X square meters in 2021. Over the period under review, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 3.2%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silk fabric imports dropped markedly to $X in 2021. Overall, imports showed a dramatic contraction. The smallest decline of -2.5% was in 2014. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Peru (X square meters), China (X square meters) and Portugal (X square meters) were the main suppliers of silk fabric imports to Argentina, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +54.1%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Argentina, comprising 31% of total imports. The second position in the ranking was taken by Peru ($X), with a 12% share of total imports. It was followed by India, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-10.3% per year) and India (-36.9% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, reducing by -20% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk fabric import price decreased by -33.7% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 29%. The import price peaked at $X per square meter in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per square meter), while the price for Portugal ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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