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

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Portugal (CIF) - 2022
2. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Portugal (FOB) - 2022
3. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Portugal
4. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Portugal

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Portugal (CIF) - 2022

In 2022, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $37,544 per ton, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s increased by +68.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 70% against the previous year. As a result, import price attained the peak level of $37,723 per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($59,755 per ton), while the price for Germany ($19,588 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Portugal (FOB) - 2022

In 2022, the average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $95,000 per ton, waning by -3.1% against the previous year. Overall, the export price, however, posted significant growth. The export price peaked at $98,000 per ton in 2021, and then contracted modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2016 to 2022, the rate of growth in terms of prices for Spain amounted to +113.6% per year.

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

In 2022, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s into Portugal expanded significantly to 4.9 tons, with an increase of 7.7% against 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 115%. As a result, imports reached the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s reached $183K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 decreased by -23.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. As a result, imports attained the peak of $237K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. China (1791.0 kg)
2. Italy (1723.0 kg)
3. Germany (936.0 kg)
4. Switzerland (300.0 kg)
5. India (110.0 kg)

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

In 2022, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s from Portugal shrank significantly to 2 kg, falling by -33.3% compared with the year before. Overall, exports faced a sharp slump.

In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s dropped markedly to $190 in 2022. Over the period under review, exports continue to indicate a precipitous decline.

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

1. Spain (2.0 kg)

Source: IndexBox Market Intelligence Platform