Eastern Europe: Spun Yarn Market 2021

Spun Yarn Market Size in Eastern Europe

The East European spun yarn market skyrocketed to $X in 2019, growing by X% against the previous year. Overall, consumption posted a moderate increase. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in the near future.

Spun Yarn Production in Eastern Europe

In value terms, spun yarn production shrank sharply to $X in 2019 estimated in export prices. Over the period under review, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2019, production growth remained at a somewhat lower figure.

Production By Country in Eastern Europe

Latvia (X kg) remains the largest spun yarn producing country in Eastern Europe, comprising approx. X% of total volume. Moreover, spun yarn production in Latvia exceeded the figures recorded by the second-largest producer, Slovakia (X kg), threefold.

In Latvia, spun yarn production increased at an average annual rate of +X% over the period from 2007-2019.

Spun Yarn Exports

Exports in Eastern Europe

In 2019, overseas shipments of yarn spun from silk waste increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, spun yarn exports soared to $X in 2019. Over the period under review, exports saw a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

Romania dominates spun yarn exports structure, resulting at X tons, which was approx. X% of total exports in 2019. The following exporters - the Czech Republic (X kg) and Latvia (X kg) - each accounted for a X% share of total exports.

Romania was also the fastest-growing in terms of the yarn spun from silk waste exports, with a CAGR of +X% from 2007 to 2019. At the same time, Latvia (+X%) displayed positive paces of growth. By contrast, the Czech Republic (-X%) illustrated a downward trend over the same period. While the share of Romania (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of the Czech Republic (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) remains the largest spun yarn supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was occupied by Latvia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in Romania totaled +X%. In the other countries, the average annual rates were as follows: Latvia (+X% per year) and the Czech Republic (-X% per year).

Export Prices by Country

The spun yarn export price in Eastern Europe stood at $X per ton in 2019, jumping by X% against the previous year. Export price indicated a temperate 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. Over the period under review, export prices hit record highs at $X per ton in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Latvia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Latvia, while the other leaders experienced a decline in the export price figures.

Spun Yarn Imports

Imports in Eastern Europe

In 2019, spun yarn imports in Eastern Europe surged to X tons, picking up by X% against the previous year's figure. In general, imports recorded noticeable growth. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2019 and are likely to see gradual growth in years to come.

In value terms, spun yarn imports soared to $X in 2019. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. The level of import peaked in 2019 and is expected to retain growth in the near future.

Imports by Country

Romania prevails in spun yarn imports structure, reaching X tons, which was near X% of total imports in 2019. It was distantly followed by Lithuania (X tons), constituting a X% share of total imports. The following importers - Ukraine (X tons), Bulgaria (X tons), Russia (X tons), Slovakia (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

Imports into Romania increased at an average annual rate of +X% from 2007 to 2019. At the same time, Lithuania (+X%), Ukraine (+X%), Slovakia (+X%), Bulgaria (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +X% from 2007-2019. By contrast, the Czech Republic (-X%) illustrated a downward trend over the same period. Lithuania (+X p.p.), Ukraine (+X p.p.), Bulgaria (+X p.p.) and Slovakia (+X p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic and Romania saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) constitutes the largest market for imported yarn spun from silk waste in Eastern Europe, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Romania totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Bulgaria (+X% per year).

Import Prices by Country

The spun yarn import price in Eastern Europe stood at $X per ton in 2019, which is down by -X% against the previous year. Import price indicated perceptible growth from 2007 to 2019: its price increased 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. Based on 2019 figures, spun yarn import price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2015 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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