Italy: Silk Fabric Market 2024

Silk Fabric Market Size in Italy

In 2022, the Italian silk fabric market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Silk Fabric Production in Italy

In value terms, silk fabric production expanded to $X in 2022 estimated in export price. In general, production, however, showed a deep slump. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Silk Fabric Exports

Exports from Italy

In 2022, overseas shipments of woven fabrics of silk or of silk waste increased by X% to X square meters, rising for the second year in a row after seven years of decline. In general, exports, however, showed a deep setback. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, silk fabric exports surged to $X in 2022. Over the period under review, exports, however, showed a noticeable decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X square meters) was the main destination for silk fabric exports from Italy, accounting for a X% share of total exports. Moreover, silk fabric exports to France exceeded the volume sent to the second major destination, Tunisia (X square meters), threefold. Bulgaria (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Bulgaria (X% per year).

In value terms, France ($X) remains the key foreign market for woven fabrics of silk or of silk waste exports from Italy, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and the United States (X% per year).

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2022, jumping by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per square meter), while the average price for exports to Russia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Italy

In 2022, supplies from abroad of woven fabrics of silk or of silk waste was finally on the rise to reach X square meters after five years of decline. In general, imports, however, continue to indicate a abrupt downturn. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk fabric imports soared to $X in 2022. Over the period under review, imports, however, recorded a noticeable contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest silk fabric supplier to Italy, with a X% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Romania (X square meters), more than tenfold. The third position in this ranking was held by France (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Italy, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and France (X% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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