Europe: Silk Yarn Market 2023

Silk Yarn Market Size in Europe

In 2021, the Europe silk yarn market was finally on the rise to reach $X for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, consumption, however, faced a deep reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Silk Yarn Production in Europe

In value terms, silk yarn production rose remarkably to $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Silk Yarn Exports

Exports in Europe

After three years of decline, shipments abroad of silk yarn and yarn spun from silk waste increased by 9% to X tons in 2021. Overall, exports, however, showed a abrupt decline. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silk yarn exports reached $X in 2021. In general, exports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2013 when exports increased by 13%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Romania represented the major exporter of silk yarn and yarn spun from silk waste in Europe, with the volume of exports amounting to X tons, which was approx. 52% of total exports in 2021. Italy (X tons) took the second position in the ranking, distantly followed by Germany (X tons) and Slovenia (X tons). All these countries together took near 38% share of total exports. The following exporters - the UK (X tons), Switzerland (X tons) and Austria (X tons) - each resulted at a 4.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silk yarn exports from Romania stood at -2.8%. At the same time, Slovenia (+51.5%) and the UK (+2.8%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +51.5% from 2012-2021. By contrast, Switzerland (-5.6%), Italy (-5.7%), Austria (-9.7%) and Germany (-15.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Romania and Slovenia increased by +12 and +5.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X), Italy ($X) and Slovenia ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 86% of total exports.

Slovenia, with a CAGR of +67.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, leveling off at the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2018 when the export price increased by 16%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+10.6%), while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports in Europe

In 2021, overseas purchases of silk yarn and yarn spun from silk waste were finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a deep slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk yarn imports surged to $X in 2021. Overall, imports, however, showed a noticeable decrease. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Italy dominates imports structure, reaching X tons, which was near 64% of total imports in 2021. Romania (X tons) ranks second in terms of the total imports with an 8% share, followed by Austria (5.2%). France (X tons), the UK (X tons), Slovenia (X tons) and Germany (X tons) followed a long way behind the leaders.

Imports into Italy decreased at an average annual rate of -5.3% from 2012 to 2021. At the same time, Slovenia (+95.0%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in Europe, with a CAGR of +95.0% from 2012-2021. Romania and Austria experienced a relatively flat trend pattern. By contrast, the UK (-7.3%), France (-8.3%) and Germany (-20.2%) illustrated a downward trend over the same period. While the share of Slovenia (+3.9 p.p.), Romania (+3 p.p.), Italy (+2.7 p.p.) and Austria (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Germany (-11.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in Europe, comprising 66% of total imports. The second position in the ranking was taken by Romania ($X), with an 8% share of total imports. It was followed by the UK, with a 5.2% share.

In Italy, silk yarn imports declined by an average annual rate of -4.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+2.6% per year) and the UK (-5.7% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 11%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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