EU: Spun Yarn Market 2021

Spun Yarn Market Size in the EU

In 2019, after two years of growth, there was significant decline in the EU spun yarn market, when its value decreased by -X% to $X. Over the period under review, consumption continues to indicate a perceptible downturn. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2018, and then declined remarkably in the following year.

Spun Yarn Production in the EU

In value terms, spun yarn production declined to $X in 2019 estimated in export prices. In general, production saw a abrupt slump. The growth pace was the most rapid in 2017 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 the EU

The country with the largest volume of spun yarn production was Italy (X tons), accounting for X% of total volume.

From 2007 to 2019, the average annual growth rate of volume in Italy amounted to -X%.

Spun Yarn Exports

Exports in the EU

In 2019, approx. X tons of yarn spun from silk waste were exported in the European Union; picking up by X% compared with the previous year. In general, exports, however, continue to indicate a pronounced slump. The volume of export peaked at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports skyrocketed to $X in 2019. Total exports indicated a modest expansion from 2007 to 2019: its value decreased 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, exports increased by +X% against 2016 indices. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy represented the main exporter of yarn spun from silk waste in the European Union, with the volume of exports accounting for X tons, which was near X% of total exports in 2019. Germany (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Romania (X%).

From 2007 to 2019, average annual rates of growth with regard to spun yarn exports from Italy stood at -X%. At the same time, Romania (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2019. By contrast, Germany (-X%) illustrated a downward trend over the same period. Italy (+X p.p.) and Romania (+X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Italy ($X) remains the largest spun yarn supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

In Italy, spun yarn exports increased at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and Romania (+X% per year).

Export Prices by Country

The spun yarn export price in the European Union stood at $X per ton in 2019, picking up by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. The level of export peaked in 2019 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Italy ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Spun Yarn Imports

Imports in the EU

After two years of growth, overseas purchases of yarn spun from silk waste decreased by -X% to X tons in 2019. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, spun yarn imports shrank remarkably to $X in 2019. In general, imports recorded a slight descent. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018, and then shrank rapidly in the following year.

Imports by Country

Italy represented the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Germany (X tons) and Romania (X tons), together making up an X% share of total imports. France (X tons), the UK (X tons) and Belgium (X tons) followed a long way behind the leaders.

Imports into Italy decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Romania (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2019. Belgium experienced a relatively flat trend pattern. By contrast, France (-X%), Germany (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Italy and Romania increased by +X% and +X% percentage points, while the UK (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported yarn spun from silk waste in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Italy amounted to -X%. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Romania (+X% per year).

Import Prices by Country

In 2019, the spun yarn import price in the European Union amounted to $X per ton, with a decrease of -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, import prices attained the maximum at $X per ton in 2018, and then reduced in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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