Brazil: Silk Yarn Market 2021

Silk Yarn Market Size in Brazil

The Brazilian silk yarn market shrank to $X in 2019, waning by -X% against the previous year. Overall, the total consumption indicated slight growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Silk yarn consumption peaked at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Silk Yarn Production in Brazil

In value terms, silk yarn production shrank to $X in 2019 estimated in export prices. In general, the total production indicated a modest increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

Silk Yarn Exports

Exports from Brazil

In 2019, shipments abroad of silk yarn decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, silk yarn exports dropped markedly to $X in 2019. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

Japan (X tons) was the main destination for silk yarn exports from Brazil, with a X% share of total exports. Moreover, silk yarn exports to Japan exceeded the volume sent to the second major destination, Italy (X tons), sixfold.

From 2007 to 2019, the average annual growth rate of volume to Japan stood at -X%.

In value terms, Japan ($X) remains the key foreign market for silk yarn exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Japan totaled -X%.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2019, surging by X% against the previous year. Overall, the export price recorded a strong increase. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2019, the country with the highest price was Italy ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy.

Silk Yarn Imports

Imports into Brazil

In 2019, overseas purchases of silk yarn decreased by -X% to X tons, falling for the sixth year in a row after two years of growth. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at X tons in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, silk yarn imports dropped to $X in 2019. In general, imports faced a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Hong Kong SAR (X kg) were the main suppliers of silk yarn imports to Brazil, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Italy, while purchases for the other leaders experienced a decline.

In value terms, the largest silk yarn suppliers to Brazil were China ($X), Italy ($X) and Hong Kong SAR ($X), with a combined X% share of total imports.

Italy recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, surging by X% against the previous year. Overall, import price indicated a buoyant increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, silk yarn import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The import price peaked in 2019 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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