Finland: Silk Yarn Market 2021

Silk Yarn Market Size in Finland

In 2019, the Finnish silk yarn market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, the total consumption indicated mild growth from 2007 to 2019: its value decreased 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, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Silk yarn consumption peaked at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Silk Yarn Production in Finland

In value terms, silk yarn production shrank modestly to $X in 2019 estimated in export prices. Overall, the total production indicated a perceptible expansion from 2007 to 2019: its value decreased 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, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 when the production volume increased by X% year-to-year. Silk yarn production peaked at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Finland

In 2019, overseas shipments of silk yarn decreased by -X% to X kg, falling for the second consecutive year after three years of growth. Overall, exports saw a dramatic decline. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, silk yarn exports declined significantly to $X in 2019. In general, exports showed a deep reduction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

Russia (X kg) was the main destination for silk yarn exports from Finland, accounting for a X% share of total exports. Moreover, silk yarn exports to Russia exceeded the volume sent to the second major destination, the Netherlands (X kg), sixfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Russia totaled -X%.

In value terms, Russia ($X) remains the key foreign market for silk yarn exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Russia totaled -X%.

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Russia ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia.

Silk Yarn Imports

Imports into Finland

In 2019, the amount of silk yarn imported into Finland surged to X kg, jumping by X% against the previous year. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Imports peaked at X kg in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, silk yarn imports surged to $X in 2019. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Peru (X kg), China (X kg) and India (X kg) were the main suppliers of silk yarn imports to Finland, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Peru, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silk yarn suppliers to Finland were China ($X), Peru ($X) and Switzerland ($X), with a combined X% share of total imports.

Peru (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average silk yarn import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price posted a tangible expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price 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 supplying countries. In 2019, the country with the highest price was Switzerland ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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