Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy - 2023

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy (CIF) - 2023
2. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy (FOB) - 2023
3. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy
4. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy (CIF) - 2023

In December 2023, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $58,697 per ton, increasing by 8.3% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in June 2023 when the average import price increased by 46% m-o-m. The import price peaked in December 2023.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to +0.7% per month.

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy (FOB) - 2023

The average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $57,816 per ton in December 2023, surging by 89% against the previous month. Over the period under review, the export price enjoyed a moderate expansion. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 152% m-o-m. Over the period under review, the average export prices hit record highs at $67,083 per ton in October 2023; however, from November 2023 to December 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In December 2023, the country with the highest price was Peru ($75,841 per ton), while the average price for exports to the UK amounted to $56,844 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy

In 2022, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s into Italy skyrocketed to 657 tons, with an increase of 21% against the year before. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s soared to $24M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to Italy in 2022:

1. China (370.8 tons)
2. Germany (143.1 tons)
3. India (116.5 tons)
4. France (12.3 tons)

Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Italy

In 2022, approx. 96 tons of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s were exported from Italy; picking up by 15% compared with the year before. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s surged to $4.1M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from Italy in 2022:

1. United States (31.7 tons)
2. Bulgaria (11.1 tons)
3. Turkey (6.2 tons)
4. Switzerland (6.2 tons)
5. Germany (5.9 tons)
6. Austria (5.5 tons)
7. Czech Republic (5.1 tons)
8. France (4.5 tons)
9. China (4.1 tons)
10. Peru (4.0 tons)
11. Canada (2.2 tons)
12. Slovenia (2.2 tons)
13. Spain (1.9 tons)

Source: IndexBox Market Intelligence Platform