Austria: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in Austria

The Austrian silk shawl and scarf market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, saw a abrupt shrinkage. Silk shawl and scarf consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Silk Shawls And Scarves in Austria

In value terms, silk shawl and scarf production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 164% against the previous year. Silk shawl and scarf production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Silk Shawls And Scarves

Exports from Austria

For the fifth consecutive year, Austria recorded decline in overseas shipments of silk shawls and scarves, which decreased by -9.4% to X units in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 5%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports contracted rapidly to $X in 2022. Over the period under review, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 8.3% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for silk shawl and scarf exports from Austria, with a 38% share of total exports. Moreover, silk shawl and scarf exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.3% per year) and the UK (-0.5% per year).

In value terms, Germany ($X) remains the key foreign market for silk shawls and scarves exports from Austria, comprising 31% of total exports. The second position in the ranking was held by Italy ($X), with a 7.3% share of total exports. It was followed by Switzerland, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-7.8% per year) and Switzerland (-7.8% per year).

Export Prices by Country

The average silk shawl and scarf export price stood at $X per unit in 2022, shrinking by -10.5% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silk shawl and scarf export price increased by +25.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into Austria

In 2022, imports of silk shawls and scarves into Austria amounted to X units, approximately reflecting the year before. Overall, imports, however, faced a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 23%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk shawl and scarf imports amounted to $X in 2022. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of silk shawl and scarf to Austria, with a 38% share of total imports. Moreover, silk shawl and scarf imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by France (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.4% per year) and France (-11.0% per year).

In value terms, Germany ($X), France ($X) and Italy ($X) were the largest silk shawl and scarf suppliers to Austria, together comprising 86% of total imports. China, Poland, India and Spain lagged somewhat behind, together accounting for a further 9.2%.

In terms of the main suppliers, Poland, with a CAGR of +49.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silk shawl and scarf import price stood at $X per unit in 2022, approximately equating the previous year. In general, the import price recorded temperate growth. The most prominent rate of growth was recorded in 2016 an increase of 45% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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