U.S.: Silk Yarn Market 2021

Silk Yarn Market Size in the U.S.

In 2019, the U.S. silk yarn market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in the U.S.

In value terms, silk yarn production surged to $X in 2019. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2019, production growth failed to regain the momentum.

Silk Yarn Exports

Exports from the U.S.

In 2019, overseas shipments of silk yarn decreased by -X% to X tons for the first time since 2015, thus ending a three-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, silk yarn exports rose remarkably to $X in 2019. In general, exports recorded a notable expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Costa Rica (X tons) was the main destination for silk yarn exports from the U.S., with a X% share of total exports. Moreover, silk yarn exports to Costa Rica exceeded the volume sent to the second major destination, El Salvador (X tons), eightfold. The Dominican Republic (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Costa Rica stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+X% per year) and the Dominican Republic (-X% per year).

In value terms, Costa Rica ($X) remains the key foreign market for silk yarn exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Costa Rica stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-X% per year) and Canada (+X% per year).

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a measured increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh, while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into the U.S.

In 2019, silk yarn imports into the U.S. amounted to X tons, with an increase of X% against the previous year. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at X tons in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, silk yarn imports expanded modestly to $X in 2019. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

Mexico (X tons), the UK (X tons) and Switzerland (X tons) were the main suppliers of silk yarn imports to the U.S., together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Mexico (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the UK ($X) and Switzerland ($X) constituted the largest silk yarn suppliers to the U.S., together comprising X% of total imports.

Mexico (+X% per year) recorded 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 more modest paces of growth.

Import Prices by Country

In 2019, the average silk yarn import price amounted to $X per ton, growing by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Switzerland ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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