Global Spun Yarn Market 2021

Spun Yarn Market Size

In 2019, after two years of growth, there was significant decline in the global spun yarn market, when its value decreased by -X% to $X. Over the period under review, consumption, however, saw a notable expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Global consumption peaked at $X in 2018, and then dropped notably in the following year.

Spun Yarn Production

In value terms, spun yarn production contracted to $X in 2019 estimated in export prices. Overall, the total production indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, global production reached the peak level at $X in 2018, and then dropped in the following year.

Production By Country

The country with the largest volume of spun yarn production was China (X tons), comprising approx. X% of total volume. Moreover, spun yarn production in China exceeded the figures recorded by the second-largest producer, Thailand (X tons), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Italy (-X% per year).

Spun Yarn Exports

Exports

In 2019, after six years of decline, there was significant growth in overseas shipments of yarn spun from silk waste, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Global exports peaked at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports expanded significantly to $X in 2019. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, global exports reached the peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China dominates spun yarn exports structure, reaching X tons, which was near X% of total exports in 2019. It was distantly followed by Italy (X tons), achieving a X% share of total exports. Thailand (X tons), India (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to spun yarn exports from China stood at -X%. Italy (-X%), Germany (-X%), India (-X%) and Thailand (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Italy (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest spun yarn supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Thailand, with a X% share.

In China, spun yarn exports plunged by an average annual rate of -X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2019, the average spun yarn export price amounted to $X per ton, falling by -X% against the previous year. Overall, export price indicated a pronounced increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, spun yarn export price increased by +X% against 2014 indices. The growth pace was the most rapid in 2014 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per ton in 2018, and then contracted in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Spun Yarn Imports

Imports

In 2019, global imports of yarn spun from silk waste dropped to X tons, which is down by -X% compared with the previous year's figure. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Global imports peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, spun yarn imports fell to $X in 2019. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Global imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

Italy (X tons) and Japan (X tons) were the main importers of yarn spun from silk waste in 2019, recording near X% and X% of total imports, respectively. India (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Pakistan (X%) and Nepal (X%). The following importers - Iraq (X tons), Germany (X tons), China (X tons), Hong Kong SAR (X tons), Turkey (X tons), Indonesia (X tons), Romania (X tons) and the U.S. (X tons) - together made up X% of total imports.

From 2007 to 2019, the biggest increases were in Iraq, while purchases for the other global leaders experienced mixed trends in the imports figures.

In value terms, the largest spun yarn importing markets worldwide were Italy ($X), Japan ($X) and Germany ($X), with a combined X% share of global imports. India, Pakistan, Hong Kong SAR, Nepal, Turkey, Romania, Indonesia, the U.S., Iraq and China lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, dropping by -X% against the previous year. Overall, import price indicated a noticeable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, spun yarn import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per ton in 2018, and then fell in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Romania, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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