Austria: Silk Yarn Market 2024

Silk Yarn Market Size in Austria

The Austrian silk yarn market was finally on the rise to reach $X in 2021, after eight years of decline. Overall, consumption, however, faced a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Yarn Production in Austria

In value terms, silk yarn production reduced to $X in 2021 estimated in export price. In general, production saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 3.7%. Silk yarn production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports from Austria

In 2021, silk yarn exports from Austria declined notably to X tons, dropping by -19% against the previous year's figure. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 16% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silk yarn exports shrank significantly to $X in 2021. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 15%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for silk yarn exports from Austria, accounting for a 89% share of total exports. Moreover, silk yarn exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold. The UK (X kg) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+23.1% per year) and the UK (-23.6% per year).

In value terms, Germany ($X) remains the key foreign market for silk yarn and yarn spun from silk waste exports from Austria, comprising 84% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.5% share of total exports. It was followed by Switzerland, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-23.5% per year) and Switzerland (-13.0% per year).

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, shrinking by -12.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Czech Republic ($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 Hungary (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Austria

Silk yarn imports into Austria soared to X tons in 2021, increasing by 116% compared with the previous year. In general, imports, however, saw a mild slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk yarn imports surged to $X in 2021. Overall, imports, however, recorded a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of silk yarn to Austria, with a 74% share of total imports. Moreover, silk yarn imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.3% per year) and Germany (+30.5% per year).

In value terms, Italy ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Austria, comprising 66% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 22% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+0.3% per year) and Germany (+20.8% per year).

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, shrinking by -32.7% against the previous year. Overall, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 78% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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