
Denmark - Woven Fabrics of Silk or of Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
Denmark: Silk Fabric Market 2022
Silk Fabric Market Size in Denmark
The Danish silk fabric market rose markedly to $X in 2021, with an increase of 12% against the previous year. Over the period under review, consumption, however, posted a strong increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.
Silk Fabric Production in Denmark
In value terms, silk fabric production soared to $X in 2021 estimated in export price. Over the period under review, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 59%. Silk fabric production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.
Silk Fabric Exports
Exports from Denmark
In 2021, overseas shipments of woven fabrics of silk or of silk waste decreased by -19.2% to X square meters, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 332% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2021, the growth of the exports remained at a lower figure.
In value terms, silk fabric exports stood at $X in 2021. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 87% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
The United States (X square meters) was the main destination for silk fabric exports from Denmark, with a 32% share of total exports. Moreover, silk fabric exports to the United States exceeded the volume sent to the second major destination, Norway (X square meters), twofold. The third position in this ranking was taken by Germany (X square meters), with a 13% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-26.9% per year) and Germany (-9.1% per year).
In value terms, China ($X) emerged as the key foreign market for silk fabric exports from Denmark, comprising 44% of total exports. The second position in the ranking was held by Norway ($X), with a 14% share of total exports. It was followed by Sweden, with a 12% share.
From 2012 to 2021, the average annual growth rate of value to China stood at +66.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-25.6% per year) and Sweden (-17.9% per year).
Export Prices by Country
The average silk fabric export price stood at $X per square meter in 2021, surging by 25% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 100% against the previous year. The export price peaked at $X per square meter in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was China ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.
Silk Fabric Imports
Imports into Denmark
Silk fabric imports into Denmark reduced sharply to X square meters in 2021, waning by -33.7% compared with 2020. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 67% against the previous year. As a result, imports reached the peak of X square meters. From 2015 to 2021, the growth of imports remained at a lower figure.
In value terms, silk fabric imports reduced remarkably to $X in 2021. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 98% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Germany (X square meters) constituted the largest supplier of silk fabric to Denmark, accounting for a 56% share of total imports. Moreover, silk fabric imports from Germany exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. India (X square meters) ranked third in terms of total imports with a 5.2% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.4% per year) and India (-14.8% per year).
In value terms, China ($X), the UK ($X) and Germany ($X) constituted the largest silk fabric suppliers to Denmark, with a combined 80% share of total imports. These countries were followed by India, France, Italy, South Korea and Vietnam, which together accounted for a further 10%.
Vietnam, with a CAGR of +111.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Import Prices by Country
In 2021, the average silk fabric import price amounted to $X per square meter, growing by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was the UK ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.6%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the silk fabric market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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