New Zealand: Silk Yarn Market 2025

Silk Yarn Market Size in New Zealand

The New Zealand silk yarn market fell dramatically to $X in 2021, reducing by -68.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Silk Yarn Exports

Exports from New Zealand

In 2021, shipments abroad of silk yarn and yarn spun from silk waste increased by 70% to X kg, rising for the second year in a row after three years of decline. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 267% against the previous year. As a result, the exports reached the peak of X kg. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, silk yarn exports surged to $X in 2021. Overall, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 260% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for silk yarn exports from New Zealand, accounting for a 49% share of total exports. Moreover, silk yarn exports to Canada exceeded the volume sent to the second major destination, Norway (X kg), fivefold. The third position in this ranking was held by Germany (X kg), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+20.9% per year) and Germany (+23.5% per year).

In value terms, Canada ($X) remains the key foreign market for silk yarn and yarn spun from silk waste exports from New Zealand, comprising 46% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by France, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.2% per year) and France (+27.2% per year).

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2021, jumping by 50% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Chile ($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 the United States (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into New Zealand

In 2021, the amount of silk yarn and yarn spun from silk waste imported into New Zealand dropped rapidly to X kg, shrinking by -49.3% against the previous year. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 197%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, silk yarn imports shrank rapidly to $X in 2021. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 146% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X kg), India (X kg) and the United States (X kg) were the main suppliers of silk yarn imports to New Zealand, together comprising 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and the United States ($X) appeared to be the largest silk yarn suppliers to New Zealand, with a combined 81% share of total imports.

India, with a CAGR of +123.2%, 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, almost unchanged from the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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