Israel: Silk Yarn Market 2024

Silk Yarn Market Size in Israel

In 2021, the Israeli silk yarn market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Silk yarn consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Silk Yarn Production in Israel

In value terms, silk yarn production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 24% against the previous year. Silk yarn production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Silk Yarn Exports

Exports from Israel

In 2021, shipments abroad of silk yarn and yarn spun from silk waste decreased by -62.9% to X kg, falling for the second year in a row after three years of growth. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 792% against the previous year. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, silk yarn exports declined markedly to $X in 2021. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 900% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X kg), Canada (X kg) and Poland (X kg) were the main destinations of silk yarn exports from Israel, with a combined 85% share of total exports. Moreover, silk yarn exports in Turkey exceeded the figures recorded by the second-largest exporter, Canada, twofold.

From 2014 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for silk yarn and yarn spun from silk waste exports from Israel, comprising 43% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.7% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Canada (0.0% per year).

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, growing by 37% against the previous year. Over the period under review, export price indicated a prominent expansion from 2014 to 2021: its price increased at an average annual rate of +6.8% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk yarn export price increased by +58.4% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 71%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+32.8%), while the prices for the other major destinations experienced a decline.

Silk Yarn Imports

Imports into Israel

In 2021, overseas purchases of silk yarn and yarn spun from silk waste increased by 230% to X tons, rising for the third year in a row after three years of decline. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 434%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, silk yarn imports surged to $X in 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 128%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest silk yarn supplier to Israel, with a 81% share of total imports. Moreover, silk yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, France (X kg), fivefold. China (X kg) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +75.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+44.0% per year) and China (+24.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Israel, comprising 50% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +67.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+44.5% per year) and Italy (+9.9% per year).

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2021, which is down by -57% against the previous year. Overall, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 100% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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