Czech Republic: Silk Yarn Market 2024

Silk Yarn Market Size in the Czech Republic

The Czech silk yarn market dropped modestly to $X in 2021, declining by -2.8% against the previous year. In general, consumption, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when the market value increased by 7% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silk Yarn Production in the Czech Republic

In value terms, silk yarn production contracted to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports from the Czech Republic

Silk yarn exports from the Czech Republic shrank significantly to X kg in 2021, falling by -87.7% compared with 2020 figures. Over the period under review, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2019 with an increase of 491%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, silk yarn exports fell rapidly to $X in 2021. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2019 with an increase of 231%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for silk yarn exports from the Czech Republic, with a 53% share of total exports. Moreover, silk yarn exports to Italy exceeded the volume sent to the second major destination, Germany (X kg), threefold. The third position in this ranking was held by Slovakia (X kg), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-42.3% per year) and Slovakia (+30.5% per year).

In value terms, the largest markets for silk yarn exported from the Czech Republic were Italy ($X), Germany ($X) and Slovakia ($X), together accounting for 79% of total exports.

Slovakia, with a CAGR of +29.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, increasing by 77% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 130% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Ukraine ($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 the UK (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into the Czech Republic

In 2021, overseas purchases of silk yarn and yarn spun from silk waste were finally on the rise to reach X tons after two years of decline. Overall, imports, however, faced a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 54%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, silk yarn imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt downturn. 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 silk yarn supplier to the Czech Republic, accounting for a 64% share of total imports. Moreover, silk yarn imports from Italy exceeded the figures recorded by the second-largest supplier, Uruguay (X kg), sevenfold. The third position in this ranking was held by Peru (X kg), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to -17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (0.0% per year) and Peru (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to the Czech Republic, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Uruguay, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and Uruguay (0.0% per year).

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, surging by 30% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk yarn import price increased by +37.2% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 88%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :