Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the UK - 2024

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the UK (FOB) - 2022
2. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the UK (CIF) - 2024
3. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the UK
4. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the UK

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

In 2022, the average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $20,307 per ton, which is down by -7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 68%. Over the period under review, the average export prices attained the peak figure at $23,567 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($64,061 per ton), while the average price for exports to Lithuania ($9,899 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in the UK (CIF) - 2024

In December 2023, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $31,864 per ton, picking up by 12% against the previous month. Over the period under review, the import price continues to indicate a tangible expansion. The growth pace was the most rapid in September 2023 when the average import price increased by 238% month-to-month. The import price peaked at $42,770 per ton in July 2023; however, from August 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($61,667 per ton), while the price for China stood at $19,913 per ton.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s from the UK surged to 110 tons, rising by 47% on the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 112%. Over the period under review, the exports of hit record highs in 2022 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 skyrocketed to $2.2M in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 160%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Italy (28.7 tons)
2. Germany (21.8 tons)
3. Turkey (18.7 tons)
4. Estonia (14.4 tons)
5. Australia (8.3 tons)
6. Peru (5.7 tons)
7. Netherlands (4.2 tons)
8. Portugal (2.8 tons)
9. Austria (2.4 tons)
10. Lithuania (1.1 tons)

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

In 2022, the amount of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s imported into the UK was estimated at 152 tons, growing by 11% on the previous year's figure. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 89%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s expanded to $1.9M in 2022. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 150%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (98.6 tons)
2. India (25.1 tons)
3. Poland (22.8 tons)
4. France (4.6 tons)

Source: IndexBox Market Intelligence Platform