Ireland: Silk Yarn Market 2021

Silk Yarn Market Size in Ireland

In 2019, the Irish silk yarn market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, the total consumption indicated a tangible increase 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, consumption decreased by -X% against 2015 indices. The growth pace was the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Silk Yarn Production in Ireland

In value terms, silk yarn production expanded remarkably to $X in 2019 estimated in export prices. Overall, the total production indicated a temperate increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. Silk yarn production peaked at $X in 2015; however, from 2016 to 2019, production failed to regain the momentum.

Silk Yarn Exports

Exports from Ireland

In 2019, silk yarn exports from Ireland shrank sharply to X kg, declining by -X% on the year before. In general, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at X kg in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, silk yarn exports contracted sharply to $X in 2019. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

The Netherlands (X kg) and the U.S. (X kg) were the main destinations of silk yarn exports from Ireland.

From 2007 to 2019, the biggest increases were in the Netherlands.

In value terms, the U.S. ($X) and the Netherlands ($X) constituted the largest markets for silk yarn exported from Ireland worldwide.

The Netherlands (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2019, the country with the highest price was the U.S. ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X% per year).

Silk Yarn Imports

Imports into Ireland

After two years of growth, supplies from abroad of silk yarn decreased by -X% to X tons in 2019. Overall, imports, however, saw a modest increase. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2018, and then fell markedly in the following year.

In value terms, silk yarn imports fell remarkably to $X in 2019. In general, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018, and then contracted markedly in the following year.

Imports by Country

In 2019, Poland (X tons) constituted the largest supplier of silk yarn to Ireland, with a X% share of total imports. Moreover, silk yarn imports from Poland exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Denmark (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Poland amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Denmark (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of silk yarn to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Poland stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2019, the average silk yarn import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price recorded a noticeable curtailment. The growth pace was the most rapid in 2015 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2016 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

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