Canada: Silk Yarn Market 2021

Silk Yarn Market Size in Canada

In 2019, the Canadian silk yarn market decreased by -X% to $X, falling for the sixth year in a row after three years of growth. Over the period under review, consumption saw a pronounced downturn. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a lower figure.

Silk Yarn Production in Canada

In value terms, silk yarn production declined to $X in 2019 estimated in export prices. Over the period under review, production saw a pronounced decline. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2009 to 2019, production growth remained at a lower figure.

Silk Yarn Exports

Exports from Canada

In 2019, shipments abroad of silk yarn decreased by -X% to X kg, falling for the eighth year in a row after three years of growth. In general, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. From 2012 to 2019, the growth exports remained at a lower figure.

In value terms, silk yarn exports reduced dramatically to $X in 2019. Overall, exports showed a sharp decline. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Sweden (X kg), the U.S. (X kg) and South Korea (X kg) were the main destinations of silk yarn exports from Canada.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden, while exports for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X), the U.S. ($X) and South Korea ($X) appeared to be the largest markets for silk yarn exported from Canada worldwide.

Among the main countries of destination, Sweden saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2019, reducing by -X% against the previous year. In general, the export price recorded a noticeable downturn. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Sweden ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced mixed trend patterns.

Silk Yarn Imports

Imports into Canada

In 2019, approx. X tons of silk yarn were imported into Canada; picking up by X% against the year before. Over the period under review, imports, however, showed a slight setback. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, silk yarn imports fell to $X in 2019. Overall, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of silk yarn to Canada, with a X% share of total imports. Moreover, silk yarn imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X kg), sevenfold. The third position in this ranking was occupied by Peru (X kg), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Peru (X% per year).

In value terms, the largest silk yarn suppliers to Canada were China ($X), Peru ($X) and Romania ($X), with a combined X% share of total imports. The U.S., Taiwan (Chinese), Switzerland, Japan and India lagged somewhat behind, together comprising a further X terms of the main suppliers, Taiwan (Chinese) (+X% per year) 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 yarn import price stood at $X per ton in 2019, which is down by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2010 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Romania ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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