Portugal: Silk Fabric Market 2024

Silk Fabric Market Size in Portugal

The Portuguese silk fabric market reduced notably to $X in 2021, declining by -26.2% 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). In general, consumption continues to indicate a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silk Fabric Exports

Exports from Portugal

In 2021, overseas shipments of woven fabrics of silk or of silk waste were finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a precipitous slump. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silk fabric exports soared to $X in 2021. In general, exports, however, recorded a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X square meters), Colombia (X square meters) and the UK (X square meters) were the main destinations of silk fabric exports from Portugal, with a combined 59% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +97.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Colombia ($X) and New Zealand ($X) were the largest markets for silk fabric exported from Portugal worldwide, together comprising 66% of total exports.

Colombia, with a CAGR of +95.7%, 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 fabric export price amounted to $X per square meter, surging by 44% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 46%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while the average price for exports to Angola ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Portugal

Silk fabric imports into Portugal declined remarkably to X square meters in 2021, which is down by -30.6% compared with the year before. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 55% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk fabric imports shrank to $X in 2021. In general, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 14% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X square meters) constituted the largest supplier of silk fabric to Portugal, accounting for a 68% share of total imports. Moreover, silk fabric imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X square meters), sixfold. The Netherlands (X square meters) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-19.9% per year) and the Netherlands (+11.2% per year).

In value terms, Italy ($X), Spain ($X) and China ($X) constituted the largest silk fabric suppliers to Portugal, with a combined 78% share of total imports. The Netherlands, Germany and France lagged somewhat behind, together accounting for a further 6.3%.

In terms of the main suppliers, the Netherlands, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, jumping by 33% against the previous year. In general, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 33%. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 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 China ($X per square meter), while the price for Spain ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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