Estonia: Silk Yarn Market 2020

Silk Yarn Market Size in Estonia

The revenue of the silk yarn market in Estonia amounted to $X in 2018, surging by X% against the previous year. Overall, the total market indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, silk yarn consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Estonia silk yarn consumption peaked in 2018 and is likely to continue its growth in the near future.

Silk Yarn Production in Estonia

In value terms, silk yarn production totaled $X in 2018 estimated in export prices. Overall, silk yarn production, however, continues to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2012 when production volume increased by X% year-to-year. Over the period under review, silk yarn production reached its peak figure level at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Estonia

In 2018, the amount of silk yarn and yarn spun from silk waste exported from Estonia amounted to X kg, reducing by -X% against the previous year. Overall, silk yarn exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Estonia exports peaked at X tons in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, silk yarn exports totaled $X in 2018. Over the period under review, silk yarn exports continue to indicate a precipitous deduction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, silk yarn exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporter of silk yarn and yarn spun from silk waste in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2018. Romania (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Vietnam (X%), Brazil (X%) and Italy (X%). Germany (X tons) and India (X tons) took a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to silk yarn exports from China stood at -X%. Romania experienced a relatively flat trend pattern. India (-X%), Vietnam (-X%), Italy (-X%), Brazil (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of Vietnam (-X p.p.), Germany (-X p.p.), Italy (-X p.p.), Brazil (-X p.p.) and China (-X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest silk yarn supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Romania ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In China, silk yarn exports plunged by an average annual rate of -X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

The silk yarn export price in Estonia stood at $X per ton in 2018, waning by -X% against the previous year. Over the period under review, the silk yarn export price continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2012 when the export price increased by X% against the previous year. Over the period under review, the export prices for silk yarn and yarn spun from silk waste attained their maximum at $X per ton in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports into Estonia

In 2018, the amount of silk yarn and yarn spun from silk waste imported into Estonia totaled X kg, dropping by -X% against the previous year. Overall, silk yarn imports continue to indicate an abrupt slump. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. In that year, silk yarn imports attained their peak of X kg. From 2013 to 2018, the growth of silk yarn imports remained at a somewhat lower figure.

In value terms, silk yarn imports amounted to $X in 2018. Overall, silk yarn imports continue to indicate an abrupt deduction. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. In that year, silk yarn imports reached their peak of $X. From 2013 to 2018, the growth of silk yarn imports failed to regain its momentum.

Imports by Country

Italy (X tons) and Japan (X tons) represented roughly X% of total imports of silk yarn and yarn spun from silk waste in 2018. Pakistan (X tons) held an X% share (based on tons) of total imports, which put it in second place, followed by India (X%) and Indonesia (X%). The following importers - Germany (X tons), the UK (X tons), Vietnam (X tons), France (X tons), Romania (X tons), the U.S. (X tons) and Thailand (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the U.S., while the other leaders experienced a decline in the imports figures.

In value terms, Italy ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Italy was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and India (-X% per year).

Import Prices by Country

In 2018, the silk yarn import price in Estonia amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the import price increased by X% y-o-y. In that year, the import prices for silk yarn and yarn spun from silk waste reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform