New Zealand: Silk Yarn Market 2021

Silk Yarn Market Size in New Zealand

The New Zealand silk yarn market declined to $X in 2019, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Silk Yarn Production in New Zealand

In value terms, silk yarn production shrank to $X in 2019 estimated in export prices. In general, the total production indicated a pronounced expansion from 2007 to 2019: its value 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. Based on 2019 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, production attained the peak level of $X, and then declined in the following year.

Silk Yarn Exports

Exports from New Zealand

Silk yarn exports from New Zealand contracted rapidly to X kg in 2019, falling by -X% against the year before. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at X kg in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

In value terms, silk yarn exports declined rapidly to $X in 2019. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X kg), Canada (X kg) and Tonga (X kg) were the main destinations of silk yarn exports from New Zealand, together comprising X% of total exports. These countries were followed by Taiwan (Chinese), Norway, Austria, Chile, Sweden, Singapore, the Czech Republic and France, which together accounted for 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 Singapore, while exports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the U.S. ($X) and Tonga ($X) constituted the largest markets for silk yarn exported from New Zealand worldwide, with a combined X% share of total exports. Austria, Taiwan (Chinese), Singapore, Norway, Chile, Sweden, the Czech Republic and France lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest growth rate of 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 silk yarn export price amounted to $X per ton, falling by -X% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2018 an increase of X% y-o-y. The export price peaked 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 Singapore ($X per ton), while the average price for exports to the U.S. ($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 Austria, while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into New Zealand

In 2019, imports of silk yarn into New Zealand fell remarkably to X tons, shrinking by -X% compared with the previous year's figure. Overall, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, silk yarn imports fell dramatically to $X in 2019. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, China (X kg) was the main supplier of silk yarn to New Zealand, with a X% share of total imports. It was followed by Peru (X kg), with a X% share of total imports.

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: Peru (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of silk yarn to New Zealand, comprising X% of total imports. The second position in the ranking was occupied by Peru ($X), with a X% share of total imports.

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

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, falling by -X% against the previous year. Over the period under review, import price indicated mild growth from 2007 to 2019: its price increased 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, silk yarn import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Peru ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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