Eastern Europe: Silk Yarn Market 2021

Silk Yarn Market Size in Eastern Europe

In 2019, the East European silk yarn market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Overall, consumption continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Silk Yarn Production in Eastern Europe

In value terms, silk yarn production contracted to $X in 2019 estimated in export prices. Overall, production saw a slight descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Production By Country in Eastern Europe

Russia (X tons) remains the largest silk yarn producing country in Eastern Europe, comprising approx. X% of total volume. Moreover, silk yarn production in Russia exceeded the figures recorded by the second-largest producer, Romania (X tons), fourfold. Poland (X tons) ranked third in terms of total production with a X% share.

In Russia, silk yarn production plunged by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Romania (-X% per year) and Poland (-X% per year).

Silk Yarn Exports

Exports in Eastern Europe

In 2019, the amount of silk yarn exported in Eastern Europe expanded modestly to X tons, increasing by X% compared with 2018 figures. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2017; afterwards, it flattened through to 2019.

In value terms, silk yarn exports dropped to $X in 2019. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The level of export peaked at $X in 2018, and then fell in the following year.

Exports by Country

Romania (X tons) represented roughly X% of total exports of silk yarn in 2019.

Romania experienced a relatively flat trend pattern with regard to volume of exports of silk yarn. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) also remains the largest silk yarn supplier in Eastern Europe.

From 2007 to 2019, the average annual growth rate of value in Romania stood at +X%.

Export Prices by Country

The silk yarn export price in Eastern Europe stood at $X per ton in 2019, waning by -X% against the previous year. Export price indicated a tangible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, silk yarn export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2018, and then contracted in the following year.

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

From 2007 to 2019, the rate of growth in terms of prices for Romania amounted to +X% per year.

Silk Yarn Imports

Imports in Eastern Europe

In 2019, supplies from abroad of silk yarn decreased by -X% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, silk yarn imports reduced markedly to $X in 2019. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. The level of import peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

Romania dominates silk yarn imports structure, amounting to X tons, which was approx. X% of total imports in 2019. It was distantly followed by Russia (X tons), making up a X% share of total imports. The following importers - Belarus (X tons), Poland (X tons), the Czech Republic (X tons) and Bulgaria (X tons) - each reached an X% share of total imports.

Imports into Romania decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Belarus (+X%), Russia (+X%), Bulgaria (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +X% from 2007-2019. By contrast, the Czech Republic (-X%) illustrated a downward trend over the same period. While the share of Russia (+X p.p.), Belarus (+X p.p.), Bulgaria (+X p.p.) and Poland (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Romania (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) constitutes the largest market for imported silk yarn in Eastern Europe, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Romania stood at -X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Bulgaria (+X% per year).

Import Prices by Country

The silk yarn import price in Eastern Europe stood at $X per ton in 2019, with an increase of X% against the previous year. Import price indicated a measured expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, silk yarn import price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Romania ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bulgaria, while the other leaders experienced mixed trends in the import price figures.

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Source: IndexBox Platform

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