Croatia: Silk Yarn Market 2021

Silk Yarn Market Size in Croatia

In 2019, the Croatian silk yarn market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded buoyant growth. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level in 2019 and is expected to retain growth in the near future.

Silk Yarn Production in Croatia

In value terms, silk yarn production expanded sharply to $X in 2019 estimated in export prices. Overall, production recorded a prominent increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, production reached the peak level in 2019 and is likely to see steady growth in the near future.

Silk Yarn Exports

Exports from Croatia

In 2019, the amount of silk yarn exported from Croatia skyrocketed to X kg, increasing by X% compared with 2018 figures. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, silk yarn exports skyrocketed to $X in 2019. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X kg) was the main destination for silk yarn exports from Croatia, with a X% share of total exports. Moreover, silk yarn exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X kg), sevenfold.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Bosnia and Herzegovina (+X% per year).

In value terms, Bosnia and Herzegovina ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for silk yarn exported from Croatia worldwide.

Bosnia and Herzegovina recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, falling by -X% against the previous year. In general, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2016 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. From 2017 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 external markets. In 2019, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands, while the prices for the other major destinations experienced mixed trend patterns.

Silk Yarn Imports

Imports into Croatia

In 2019, supplies from abroad of silk yarn decreased by -X% to X kg for the first time since 2014, thus ending a four-year rising trend. Over the period under review, imports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X kg in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

In value terms, silk yarn imports dropped to $X in 2019. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Italy (X kg) constituted the largest silk yarn supplier to Croatia, accounting for a X% share of total imports. Moreover, silk yarn imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (X kg), threefold. The third position in this ranking was occupied by Germany (X kg), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Germany (-X% per year).

In value terms, the largest silk yarn suppliers to Croatia were Italy ($X), Austria ($X) and the UK ($X), together comprising X% of total imports.

In terms of the main suppliers, Austria saw the highest rates of growth with regard to 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, picking up by X% against the previous year. In general, the import price showed pronounced growth. The import price peaked at $X per ton in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :