U.S.: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in the U.S.

In 2022, the U.S. silk shawl and scarf market increased by 27% to $X, rising for the second year in a row 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 consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Silk Shawls And Scarves in the U.S.

In value terms, silk shawl and scarf production contracted to $X in 2022. Over the period under review, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by 346%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Silk Shawls And Scarves

Exports from the U.S.

Silk shawl and scarf exports from the United States totaled X units in 2022, growing by 4.4% compared with 2021 figures. In general, exports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2019 when exports increased by 31% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports soared to $X in 2022. Over the period under review, exports, however, showed a noticeable contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for silk shawl and scarf exports from the United States, with a 67% share of total exports. Moreover, silk shawl and scarf exports to Canada exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+31.0% per year) and Italy (-1.0% per year).

In value terms, Canada ($X) remains the key foreign market for silk shawls and scarves exports from the United States, comprising 62% of total exports. The second position in the ranking was taken by France ($X), with a 30% share of total exports. It was followed by Italy, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.1% per year) and Italy (-2.7% per year).

Export Prices by Country

The average silk shawl and scarf export price stood at $X per unit in 2022, increasing by 23% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into the U.S.

In 2022, supplies from abroad of silk shawls and scarves was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a perceptible downturn. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

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

Imports by Country

China (X units), Italy (X units) and India (X units) were the main suppliers of silk shawl and scarf imports to the United States, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +6.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest silk shawl and scarf suppliers to the United States were France ($X), Italy ($X) and China ($X), with a combined 92% share of total imports.

France, with a CAGR of +8.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average silk shawl and scarf import price amounted to $X per unit, with an increase of 17% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +110.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 80%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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