Northern America: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in Northern America

In 2022, the North American silk shawl and scarf market increased by 28% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Silk Shawls And Scarves in Northern America

In value terms, silk shawl and scarf production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 344%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Silk Shawls And Scarves

Exports in Northern America

In 2022, approx. X units of silk shawls and scarves were exported in Northern America; increasing by 2.3% compared with the previous year's figure. Overall, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2019 when exports increased by 30% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports expanded markedly to $X in 2022. In general, exports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) represented roughly 99% of total exports in 2022.

The United States was also the fastest-growing in terms of the silk shawls and scarves exports, with a CAGR of -3.2% from 2012 to 2022. The United States (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest silk shawl and scarf supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at -2.5%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, picking up by 11% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 17%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.7% per year.

Imports of Silk Shawls And Scarves

Imports in Northern America

In 2022, purchases abroad of silk shawls and scarves was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable curtailment. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk shawl and scarf imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importing country with an import of around X units, which recorded 82% of total imports. It was distantly followed by Canada (X units), making up an 18% share of total imports.

Imports into the United States decreased at an average annual rate of -4.7% from 2012 to 2022. At the same time, Canada (+2.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +2.3% from 2012-2022. From 2012 to 2022, the share of Canada increased by +8.3 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported silk shawls and scarves in Northern America, comprising 89% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports.

In the United States, silk shawl and scarf imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, picking up by 8.1% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silk shawl and scarf import price increased by +87.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 74%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.8%).

Source: IndexBox Platform

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