Algeria: Silk Yarn Market 2023

Silk Yarn Market Size in Algeria

The Algerian silk yarn market shrank dramatically to $X in 2021, waning by -40.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt contraction. Silk yarn consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Silk Yarn Exports

Exports from Algeria

In 2021, the amount of silk yarn and yarn spun from silk waste exported from Algeria surged to X kg, growing by 100% compared with the year before. In general, exports, however, faced a precipitous slump. Over the period under review, the exports reached the maximum at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, silk yarn exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a precipitous decrease. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X kg) was the main destination for silk yarn exports from Algeria, accounting for a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2021, increasing by 188% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the average export prices hit record highs at $X 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 Turkey.

From 2015 to 2021, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Silk Yarn Imports

Imports into Algeria

Silk yarn imports into Algeria contracted remarkably to X tons in 2021, with a decrease of -30.7% on the previous year. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of 114% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, silk yarn imports shrank markedly to $X in 2021. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 153%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest silk yarn supplier to Algeria, accounting for a 67% share of total imports. Moreover, silk yarn imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+18.2% per year) and Turkey (-24.5% per year).

In value terms, the largest silk yarn suppliers to Algeria were China ($X), Egypt ($X) and Turkey ($X), together accounting for 99.9% of total imports.

Among the main suppliers, Egypt, with a CAGR of +16.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2021, waning by -26.7% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2014 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+78.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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