Portugal: Silk Yarn Market 2025

Silk Yarn Market Size in Portugal

The Portuguese silk yarn market contracted dramatically to $X in 2021, waning by -73.4% 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). Overall, consumption, however, recorded a noticeable increase. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Silk Yarn Exports

Exports from Portugal

In 2021, the amount of silk yarn and yarn spun from silk waste exported from Portugal contracted sharply to X tons, which is down by -26.6% against 2020. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 1,137%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, silk yarn exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 1,610%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Morocco (X kg), Italy (X kg) and Spain (X kg) were the main destinations of silk yarn exports from Portugal, together comprising 87% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +64.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Morocco ($X) and Spain ($X) constituted the largest markets for silk yarn exported from Portugal worldwide, together comprising 71% of total exports.

Morocco, with a CAGR of +43.2%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average silk yarn export price amounted to $X per ton, growing by 60% against the previous year. In general, the export price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 88%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Morocco ($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 Angola (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Portugal

Silk yarn imports into Portugal dropped dramatically to X tons in 2021, which is down by -79.7% compared with 2020. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 273%. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, silk yarn imports reduced dramatically to $X in 2021. Overall, imports, however, posted strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 169%. Over the period under review, imports hit record highs at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

Spain (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of silk yarn imports to Portugal, together comprising 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +123.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silk yarn suppliers to Portugal were Thailand ($X), Italy ($X) and Spain ($X), together accounting for 93% of total imports.

Thailand, with a CAGR of +133.9%, recorded the highest growth rate of the value of imports, in terms of 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, with an increase of 108% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Spain ($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 (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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