Europe: Silk Yarn Market 2024

Silk Yarn Market Size in Europe

The Europe silk yarn market reached $X in 2023, growing by X% against the previous year. Overall, consumption, however, continues to indicate a deep contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Silk Yarn Production in Europe

In value terms, silk yarn production reached $X in 2023 estimated in export price. Overall, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

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Silk Yarn Exports

Exports in Europe

In 2023, shipments abroad of silk yarn and yarn spun from silk waste increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, silk yarn exports soared to $X in 2023. Total exports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Romania represented the main exporting country with an export of around X tons, which reached X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Slovenia (X%). Portugal (X tons) followed a long way behind the leaders.

Exports from Romania increased at an average annual rate of X% from 2012 to 2023. At the same time, Slovenia (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Romania, Slovenia and Portugal increased by X, X and X percentage points, respectively.

In value terms, the largest silk yarn supplying countries in Europe were Romania ($X), Italy ($X) and Slovenia ($X), with a combined X% share of total exports.

Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports in Europe

In 2023, purchases abroad of silk yarn and yarn spun from silk waste increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, recorded a mild contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, silk yarn imports soared to $X in 2023. Total imports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2023. France (X tons) took the second position in the ranking, followed by Romania (X tons), Slovenia (X tons) and Ireland (X tons). All these countries together took approx. X% share of total imports. The following importers - Austria (X tons) and Germany (X tons) - each resulted at a X% share of total imports.

Italy experienced a relatively flat trend pattern with regard to volume of imports of silk yarn and yarn spun from silk waste. At the same time, Slovenia (X%), Ireland (X%), Romania (X%) and France (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Austria (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Slovenia (X p.p.), Ireland (X p.p.), Italy (X p.p.), France (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in Europe, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

In Italy, silk yarn imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: France (X% per year) and Romania (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform