New Zealand: Spun Yarn Market 2021

Spun Yarn Market Size in New Zealand

In 2019, the New Zealand spun yarn market decreased by -X% to $X, falling for the third year in a row after four years of growth. In general, consumption recorded a slight expansion. The pace of growth appeared the most rapid in 2015 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Spun Yarn Exports

Exports from New Zealand

In 2019, approx. X kg of yarn spun from silk waste were exported from New Zealand; standing approx. at the previous year's figure. Over the period under review, exports recorded a sharp descent. Over the period under review, exports reached the peak figure at X kg in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, spun yarn exports totaled $X in 2019. Overall, exports continue to indicate a precipitous contraction. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Spun Yarn Imports

Imports into New Zealand

In 2019, purchases abroad of yarn spun from silk waste decreased by -X% to X kg, falling for the third consecutive year after four years of growth. Overall, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports fell markedly to $X in 2019. Over the period under review, imports recorded slight growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X kg) constituted the largest supplier of spun yarn to New Zealand, accounting for a X% share of total imports. Moreover, spun yarn imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), fourfold. Italy (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 China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and Italy (+X% per year).

In value terms, the largest spun yarn suppliers to New Zealand were China ($X), Switzerland ($X) and Italy ($X), together accounting for X% of total imports.

Among the main suppliers, Switzerland recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, waning by -X% against the previous year. In general, the import price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

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

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

Source: IndexBox Market Intelligence Platform

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