EU: Silk Yarn Market 2021

Silk Yarn Market Size in the EU

The EU silk yarn market fell modestly to $X in 2019, remaining relatively unchanged against the previous year. Overall, consumption saw a noticeable descent. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Silk Yarn Production in the EU

In value terms, silk yarn production expanded to $X in 2019 estimated in export prices. Over the period under review, production showed a noticeable decline. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2013 to 2019, production growth remained at a somewhat lower figure.

Production By Country in the EU

The countries with the highest volumes of silk yarn production in 2019 were Germany (X tons), the UK (X tons) and Spain (X tons), with a combined X% share of total production. These countries were followed by Romania, Poland, the Netherlands, the Czech Republic, Belgium, Greece, Portugal, Hungary, Sweden and Bulgaria, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of silk yarn production, amongst the key producing countries, was attained by Belgium, while silk yarn production for the other leaders experienced mixed trends in the production figures.

Silk Yarn Exports

Exports in the EU

In 2019, the amount of silk yarn exported in the European Union reduced to X tons, declining by -X% on the previous year. In general, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, silk yarn exports dropped to $X in 2019. Total exports indicated a slight expansion from 2007 to 2019: its value decreased 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. Based on 2019 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The level of export peaked at $X in 2018, and then fell in the following year.

Exports by Country

Romania was the major exporter of silk yarn in the European Union, with the volume of exports recording X tons, which was near X% of total exports in 2019. It was distantly followed by Italy (X tons) and Germany (X tons), together committing a X% share of total exports.

Romania experienced a relatively flat trend pattern with regard to volume of exports of silk yarn. Italy (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Romania increased by +X% percentage points, while Italy (-X p.p.) and Germany (-X p.p.) saw their share reduced.

In value terms, Romania ($X) remains the largest silk yarn supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Italy ($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: Italy (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2019, the silk yarn export price in the European Union amounted to $X per ton, which is down by -X% against the previous year. Export price indicated notable growth 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. Based on 2019 figures, silk yarn export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Over the period under review, export prices attained the peak figure at $X per ton in 2018, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Silk Yarn Imports

Imports in the EU

In 2019, after two years of growth, there was significant decline in overseas purchases of silk yarn, when their volume decreased by -X% to X tons. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, silk yarn imports shrank dramatically to $X in 2019. Overall, imports saw a slight slump. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

Italy prevails in silk yarn imports structure, recording X tons, which was near X% of total imports in 2019. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by France (X%), the UK (X%) and Austria (X%). The following importers - Romania (X tons) and Spain (X tons) - together made up X% of total imports.

From 2007 to 2019, average annual rates of growth with regard to silk yarn imports into Italy stood at -X%. At the same time, Austria (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2019. France experienced a relatively flat trend pattern. By contrast, the UK (-X%), Germany (-X%) and Romania (-X%) illustrated a downward trend over the same period. While the share of Austria (+X p.p.), France (+X p.p.) and the UK (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Germany (-X p.p.), Romania (-X p.p.) and Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported silk yarn in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Italy amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and France (+X% per year).

Import Prices by Country

The silk yarn import price in the European Union stood at $X per ton in 2019, with a decrease of -X% against the previous year. Import price indicated measured 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, silk yarn import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The level of import peaked at $X per ton in 2018, and then dropped in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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