Scandinavia: Silk Fabric Market 2025

Silk Fabric Market Size in Scandinavia

The Scandinavia silk fabric market surged to $X in 2021, rising by 22% against the previous year. Over the period under review, consumption continues to indicate a pronounced increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Silk Fabric Production in Scandinavia

In value terms, silk fabric production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 62% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Silk Fabric Exports

Exports in Scandinavia

Silk fabric exports surged to X square meters in 2021, rising by 25% compared with 2020. In general, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 235% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silk fabric exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable descent. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the major exporting country with an export of around X square meters, which amounted to 62% of total exports. It was distantly followed by Norway (X square meters), Denmark (X square meters) and Finland (X square meters), together generating a 38% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silk fabric exports from Sweden stood at +13.8%. At the same time, Norway (+23.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +23.5% from 2012-2021. By contrast, Finland (-14.2%) and Denmark (-21.0%) illustrated a downward trend over the same period. While the share of Sweden (+49 p.p.) and Norway (+18 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-12.5 p.p.) and Denmark (-53.1 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest silk fabric supplier in Scandinavia, comprising 52% of total exports. The second position in the ranking was held by Norway ($X), with a 23% share of total exports. It was followed by Finland, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +15.8%. In the other countries, the average annual rates were as follows: Norway (+23.3% per year) and Finland (-17.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per square meter, jumping by 26% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by 107%. The level of export peaked at $X per square meter in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per square meter), while Sweden ($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 Denmark (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Silk Fabric Imports

Imports in Scandinavia

In 2021, overseas purchases of woven fabrics of silk or of silk waste decreased by -20.9% to X square meters, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk fabric imports rose sharply to $X in 2021. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 21% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of silk fabric imports in 2021 were Norway (X square meters), Finland (X square meters) and Denmark (X square meters), together recording 86% of total import. It was distantly followed by Sweden (X square meters), creating a 12% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of -12.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest silk fabric importing markets in Scandinavia were Norway ($X), Finland ($X) and Denmark ($X), with a combined 88% share of total imports.

Among the main importing countries, Finland, with a CAGR of -6.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per square meter in 2021, jumping by 35% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per square meter) and Sweden ($X per square meter), while Finland ($X per square meter) and Denmark ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+20.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform