Japan: Spun Yarn Market 2021

Spun Yarn Market Size in Japan

The Japanese spun yarn market shrank sharply to $X in 2019, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a pronounced shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Spun Yarn Exports

Exports from Japan

In 2019, shipments abroad of yarn spun from silk waste was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. In general, exports, however, showed a abrupt slump. Exports peaked at X tons in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, spun yarn exports surged to $X in 2019. Over the period under review, exports, however, saw a deep contraction. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

China (X tons), Vietnam (X tons) and Italy (X tons) were the main destinations of spun yarn exports from Japan, together comprising X% 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 more modest paces of growth.

In value terms, Italy ($X), China ($X) and the U.S. ($X) were the largest markets for spun yarn exported from Japan worldwide, with a combined X% share of total exports. These countries were followed by Hong Kong SAR, Vietnam, Germany and Thailand, which together accounted for a further X Nam saw the highest rates of growth with regard to 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 spun yarn export price stood at $X per ton in 2019, reducing by -X% against the previous year. Over the period under review, the export price, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Italy ($X per ton), while the average price for exports to Thailand ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into Japan

For the fifth year in a row, Japan recorded decline in purchases abroad of yarn spun from silk waste, which decreased by -X% to X tons in 2019. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports dropped to $X in 2019. In general, imports recorded a pronounced descent. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tons) constituted the largest spun yarn supplier to Japan, with a X% share of total imports. Moreover, spun yarn imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and India (-X% per year).

In value terms, China ($X) constituted the largest supplier of spun yarn to Japan, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and India (+X% per year).

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, leveling off at the previous year. Overall, import price indicated a pronounced expansion 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, spun yarn import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, 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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