EU: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in the EU

After three years of decline, the EU silk shawl and scarf market increased by 48% to $X in 2022. In general, consumption, however, showed a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Silk Shawls And Scarves in the EU

In value terms, silk shawl and scarf production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 31%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Silk Shawls And Scarves

Exports in the EU

In 2022, exports of silk shawls and scarves in the European Union rose sharply to X units, with an increase of 6.7% against the previous year. Overall, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 10% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silk shawl and scarf exports soared to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy was the key exporting country with an export of about X units, which recorded 53% of total exports. It was distantly followed by France (X units) and Germany (X units), together achieving a 39% share of total exports. The following exporters - Spain (X units) and Poland (X units) - each resulted at a 3.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +3.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, France ($X) remains the largest silk shawl and scarf supplier in the European Union, comprising 64% of total exports. The second position in the ranking was taken by Italy ($X), with a 31% share of total exports. It was followed by Germany, with a 1.8% share.

In France, silk shawl and scarf exports increased at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (-0.4% per year) and Germany (-7.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, surging by 18% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silk shawl and scarf export price increased by +29.8% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.1%), while the other leaders experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports in the EU

In 2022, after three years of decline, there was significant growth in overseas purchases of silk shawls and scarves, when their volume increased by 43% to X units. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, silk shawl and scarf imports skyrocketed to $X in 2022. In general, imports, however, recorded a noticeable decrease. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

France represented the largest importing country with an import of about X units, which recorded 43% of total imports. Italy (X units) ranks second in terms of the total imports with a 23% share, followed by Germany (9%) and Spain (8.9%). The following importers - the Netherlands (X units) and Poland (X units) - together made up 6.2% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by France (with a CAGR of +1.5%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, France ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 80% share of total imports. Spain, the Netherlands and Poland lagged somewhat behind, together comprising a further 9.8%.

Among the main importing countries, Poland, with a CAGR of +2.8%, recorded 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

In 2022, the import price in the European Union amounted to $X per unit, which is down by -10.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 an increase of 23%. As a result, import price attained the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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