Italy: Silk Yarn Market 2024

Silk Yarn Market Size in Italy

The Italian silk yarn market skyrocketed to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, recorded a noticeable slump. Silk yarn consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Silk Yarn Production in Italy

In value terms, silk yarn production rose markedly to $X in 2023 estimated in export price. Over the period under review, production, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Silk yarn production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Italy

After two years of growth, overseas shipments of silk yarn and yarn spun from silk waste decreased by X% to X tons in 2023. In general, exports saw a slight descent. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, silk yarn exports surged to $X in 2023. Over the period under review, total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in years to come.

Exports by Country

France (X tons), Romania (X tons) and the UK (X tons) were the main destinations of silk yarn exports from Italy, together accounting for X% of total exports. Germany, Austria, Tunisia, Turkey, China, Denmark, Portugal, Iraq, Hong Kong SAR and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk yarn exported from Italy were France ($X), Romania ($X) and Germany ($X), with a combined X% share of total exports. The UK, Austria, Turkey, China, Portugal, Denmark, Hong Kong SAR, the United States, Tunisia and Iraq lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Italy

In 2023, supplies from abroad of silk yarn and yarn spun from silk waste increased by X% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, silk yarn imports soared to $X in 2023. Overall, total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of silk yarn imports to Italy, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Romania ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Italy, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Romania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the average silk yarn import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Tunisia ($X per ton) and Romania ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform