Italy: Spun Yarn Market 2021

Spun Yarn Market Size in Italy

In 2019, the Italian spun yarn market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Overall, consumption saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. Spun yarn consumption peaked at $X in 2018, and then contracted notably in the following year.

Spun Yarn Production in Italy

In value terms, spun yarn production reduced to $X in 2019 estimated in export prices. Overall, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Spun yarn production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Spun Yarn Exports

Exports from Italy

In 2019, approx. X tons of yarn spun from silk waste were exported from Italy; growing by X% against 2018. Overall, exports, however, saw a slight contraction. Exports peaked at X tons in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, spun yarn exports soared to $X in 2019. Over the period under review, exports, however, recorded a pronounced increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Turkey (X tons) and France (X tons) were the main destinations of spun yarn exports from Italy, with a combined X% share of total exports. The UK, Hong Kong SAR, Germany, the U.S., Portugal, China, Belgium and India lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Romania ($X) and France ($X) were the largest markets for spun yarn exported from Italy worldwide, together comprising X% of total exports. These countries were followed by the UK, Hong Kong SAR, the U.S., China, Germany, Belgium, Portugal and India, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average spun yarn export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into Italy

After two years of growth, supplies from abroad of yarn spun from silk waste decreased by -X% to X tons in 2019. Overall, imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, spun yarn imports shrank sharply to $X in 2019. In general, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2018, and then fell significantly in the following year.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of spun yarn to Italy, with a X% share of total imports. Moreover, spun yarn imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The third position in this ranking was occupied by Thailand (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Thailand (+X% per year).

In value terms, China ($X) constituted the largest supplier of spun yarn to Italy, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, waning by -X% against the previous year. Overall, import price indicated a tangible expansion 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. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked at $X per ton in 2018, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Thailand ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and Romania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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