Australia: Silk Yarn Market 2025

Silk Yarn Market Size in Australia

In 2021, the Australian silk yarn market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption, however, recorded a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Yarn Production in Australia

In value terms, silk yarn production totaled $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports from Australia

In 2021, overseas shipments of silk yarn and yarn spun from silk waste increased by 1,696% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports, however, showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 6,900%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, silk yarn exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) was the main destination for silk yarn exports from Australia, with a 82% share of total exports. Moreover, silk yarn exports to South Africa exceeded the volume sent to the second major destination, China (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa stood at +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-29.0% per year) and Thailand (-65.8% per year).

In value terms, South Africa ($X) emerged as the key foreign market for silk yarn and yarn spun from silk waste exports from Australia, comprising 4.1% of total exports. The second position in the ranking was taken by China ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa amounted to +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-43.1% per year) and Thailand (-70.2% per year).

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, growing by 1,623% against the previous year. In general, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+149.2%), while the prices for the other major destinations experienced a decline.

Silk Yarn Imports

Imports into Australia

After three years of growth, purchases abroad of silk yarn and yarn spun from silk waste decreased by -9.5% to X tons in 2021. In general, imports, however, saw notable growth. The growth pace was the most rapid in 2020 with an increase of 122% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, silk yarn imports shrank slightly to $X in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 154% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

India (X kg), China (X kg) and France (X kg) were the main suppliers of silk yarn imports to Australia, together comprising 31% of total imports. Denmark, the United States, the UK, the Netherlands, Thailand, Peru, Switzerland, Japan and Spain lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Australia, comprising 28% of total imports. The second position in the ranking was held by Denmark ($X), with a 5.6% share of total imports. It was followed by France, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (0.0% per year) and France (+4.1% per year).

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, surging by 9.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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