Sweden: Raw Silk Market 2024

Raw Silk Market Size in Sweden

The Swedish raw silk market shrank dramatically to $X in 2022, which is down by -40.3% against the previous year. Over the period under review, consumption saw a noticeable curtailment. Raw silk consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Raw Silk Production in Sweden

In value terms, raw silk production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average yield of raw silk in Sweden stood at less than X kg per ha, flattening at 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of raw silk production in Sweden amounted to less than X ha, remaining relatively unchanged against the year before. In general, the harvested area recorded a relatively flat trend pattern.

Raw Silk Exports

Exports from Sweden

In 2022, raw silk exports from Sweden surged to X kg, rising by 300% against 2021 figures. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 1,500% against the previous year. Over the period under review, the exports hit record highs at X kg in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, raw silk exports fell slightly to $X in 2022. Over the period under review, exports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2015 when exports increased by 1,118%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X kg) was the main destination for raw silk exports from Sweden, accounting for a approx. 100% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Norway totaled -6.7%.

In value terms, Norway ($X) also remains the key foreign market for raw silk exports from Sweden.

From 2013 to 2022, the average annual growth rate of value to Norway totaled -4.8%.

Export Prices by Country

In 2022, the average raw silk export price amounted to $X per ton, waning by -76.1% against the previous year. Over the period under review, the export price, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 43%. The export price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

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

From 2013 to 2022, the rate of growth in terms of prices for Norway amounted to +2.1% per year.

Raw Silk Imports

Imports into Sweden

Raw silk imports into Sweden dropped markedly to X kg in 2022, which is down by -57.9% against the previous year's figure. In general, imports saw a mild contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 1,100%. Over the period under review, imports attained the maximum at X kg in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, raw silk imports contracted significantly to $X in 2022. Overall, imports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2019 with an increase of 972%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X kg), the UK (X kg) and the United States (X kg) were the main suppliers of raw silk imports to Sweden, together accounting for 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest raw silk suppliers to Sweden were Italy ($X), the UK ($X) and the United States ($X), together comprising 82% of total imports.

Among the main suppliers, Italy, with a CAGR of 0.0%, 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 mixed trend patterns.

Import Prices by Country

The average raw silk import price stood at $X per ton in 2022, increasing by 8.6% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, raw silk import price increased by +97.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 82% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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