Price for Silk; Woven Fabrics of Noil Silk in Finland - 2023

Price for Silk; Woven Fabrics of Noil Silk in Finland (CIF) - 2022

The average import price for silk; woven fabrics of noil silks stood at $55,584 per ton in 2022, picking up by 19% against the previous year. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 60% against the previous year. Over the period under review, average import prices reached the peak figure at $108,603 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($108,335 per ton), while the price for Sweden ($41,992 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Silk; Woven Fabrics of Noil Silk in Finland (FOB) - 2022

In 2021, the average export price for silk; woven fabrics of noil silks amounted to $108,500 per ton, which is down by -41.6% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2020 an increase of 70% against the previous year. The export price peaked at $210,511 per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Latvia amounted to +15.1% per year.

Imports of Silk; Woven Fabrics of Noil Silk in Finland

In 2022, the amount of silk; woven fabrics of noil silks imported into Finland soared to 7.3 tons, with an increase of 141% against the previous year. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 998% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of silk; woven fabrics of noil silks skyrocketed to $406K in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 641%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Silk; Woven Fabrics of Noil Silk in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	0.1	N/A	125	359	1431.2%
China	2.0	0.1	0.3	16.8	103.3%
Sweden	0.1	5.6	7.3	11.1	380.6%
Italy	31.6	0.5	5.6	8.3	-36.0%
India	9.9	9.0	0.4	0.3	-68.8%
Others	7.7	3.9	3.1	11.1	13.0%
Total	51.3	19.1	142	406	99.3%

Top Suppliers of Silk; Woven Fabrics of Noil Silk to Finland in 2022:

Taiwan (Chinese) (6.6 tons)
Sweden (0.3 tons)
Italy (0.2 tons)
China (0.2 tons)

Exports of Silk; Woven Fabrics of Noil Silk in Finland

In 2021, exports of silk; woven fabrics of noil silks from Finland skyrocketed to 16 kg, picking up by 300% compared with 2020. In general, exports, however, faced a sharp descent.

In value terms, exports of silk; woven fabrics of noil silks surged to $1.7K in 2021. Over the period under review, exports, however, showed a precipitous decrease.