United Kingdom: Spun Yarn Market 2021

Spun Yarn Market Size in the UK

In 2019, after four years of decline, there was significant growth in the UK spun yarn market, when its value increased by X% to $X. Overall, consumption, however, saw a noticeable descent. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Spun yarn consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Spun Yarn Exports

Exports from the UK

In 2019, after two years of growth, there was significant decline in overseas shipments of yarn spun from silk waste, when their volume decreased by -X% to X kg. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, spun yarn exports declined sharply to $X in 2019. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The U.S. (X kg), Lithuania (X kg) and the Netherlands (X kg) were the main destinations of spun yarn exports from the UK, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania, while exports for the other leaders experienced a decline.

In value terms, the U.S. ($X), Lithuania ($X) and the Netherlands ($X) appeared to be the largest markets for spun yarn exported from the UK worldwide, together accounting for X% of total exports.

Lithuania saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2019, growing by X% against the previous year. Overall, the export price, however, recorded a slight descent. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per ton in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Ireland ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into the UK

In 2019, supplies from abroad of yarn spun from silk waste decreased by -X% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports stood at $X in 2019. Overall, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Italy (X tons) constituted the largest spun yarn supplier to the UK, accounting for a X% share of total imports. Moreover, spun yarn imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Switzerland (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Switzerland (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of spun yarn to the UK, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Switzerland (-X% per year).

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price saw a remarkable increase. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs in 2019 and is likely to see steady growth in years to come.

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