Japan: Silk Yarn Market 2021

Silk Yarn Market Size in Japan

In 2019, the Japanese silk yarn market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a mild descent. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2013 to 2019, the growth of the market failed to regain the momentum.

Silk Yarn Production in Japan

In value terms, silk yarn production rose sharply to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2013 to 2019, production growth failed to regain the momentum.

Silk Yarn Exports

Exports from Japan

In 2019, overseas shipments of silk yarn were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Exports peaked at X tons in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, silk yarn exports skyrocketed to $X in 2019. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Vietnam (X tons) and Italy (X tons) were the main destinations of silk yarn exports from Japan, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam, while exports for the other leaders experienced a decline.

In value terms, Italy ($X) remains the key foreign market for silk yarn exports from Japan, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Italy totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2019, growing by X% against the previous year. Overall, export price indicated mild growth from 2007 to 2019: its price increased 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, silk yarn export price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2012 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per ton. From 2013 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Japan

In 2019, approx. X tons of silk yarn were imported into Japan; with a decrease of -X% compared with 2018 figures. Over the period under review, imports showed a noticeable setback. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, silk yarn imports reduced rapidly to $X in 2019. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and Brazil (X tons) were the main suppliers of silk yarn imports to Japan, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam, while imports for the other leaders experienced a decline.

In value terms, the largest silk yarn suppliers to Japan were China ($X), Vietnam ($X) and Brazil ($X), together comprising X% of total imports.

Vietnam saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average silk yarn import price amounted to $X per ton, falling by -X% against the previous year. Overall, import price indicated a strong increase from 2007 to 2019: its price increased 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, silk yarn import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per ton in 2018, and then dropped dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Brazil ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform

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