Germany: Silk Yarn Market 2024

Silk Yarn Market Size in Germany

In 2021, after eight years of decline, there was significant growth in the German silk yarn market, when its value increased by 6.5% to $X. In general, consumption, however, faced a deep slump. Silk yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Yarn Production in Germany

In value terms, silk yarn production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a deep slump. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports from Germany

In 2021, overseas shipments of silk yarn and yarn spun from silk waste increased by 34% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a deep setback. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, silk yarn exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 35%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for silk yarn exports from Germany, accounting for a 82% share of total exports. Moreover, silk yarn exports to Italy exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold. The third position in this ranking was held by South Africa (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+14.4% per year) and South Africa (+54.2% per year).

In value terms, Italy ($X) remains the key foreign market for silk yarn and yarn spun from silk waste exports from Germany, comprising 68% of total exports. The second position in the ranking was taken by Romania ($X), with a 7.2% share of total exports. It was followed by South Africa, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+20.4% per year) and South Africa (+35.0% per year).

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, waning by -9.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 8.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Silk Yarn Imports

Imports into Germany

In 2021, supplies from abroad of silk yarn and yarn spun from silk waste decreased by -21.4% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports saw a sharp curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk yarn imports declined to $X in 2021. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 41% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of silk yarn to Germany, with a 56% share of total imports. Moreover, silk yarn imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Switzerland (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.8% per year) and Switzerland (-1.3% per year).

In value terms, the largest silk yarn suppliers to Germany were China ($X), Italy ($X) and Switzerland ($X), with a combined 89% share of total imports. These countries were followed by Japan, which accounted for a further 3.5%.

Japan, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of imports, among 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 2021, the average silk yarn import price amounted to $X per ton, picking up by 20% against the previous year. Over the last nine years, it increased at an average annual rate of +6.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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