Northern America: Silk Yarn Market 2023

Silk Yarn Market Size in Northern America

The North American silk yarn market rose notably to $X in 2021, surging by 5.4% against the previous year. Over the period under review, consumption, however, showed a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Yarn Production in Northern America

In value terms, silk yarn production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports in Northern America

In 2021, approx. X tons of silk yarn and yarn spun from silk waste were exported in Northern America; dropping by -2.8% on 2020. In general, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 429%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, silk yarn exports shrank rapidly to $X in 2021. Over the period under review, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 70% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2021. Canada (X tons) took a little share of total exports.

Exports from the United States decreased at an average annual rate of -3.3% from 2012 to 2021. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest silk yarn supplier in Northern America, comprising 88% of total exports. The second position in the ranking was held by Canada ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -3.2%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, waning by -23.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 476% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.6%).

Silk Yarn Imports

Imports in Northern America

In 2021, purchases abroad of silk yarn and yarn spun from silk waste increased by 76% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silk yarn imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was approx. 94% of total imports in 2021. It was distantly followed by Canada (X tons), achieving a 5.4% share of total imports.

The United States was also the fastest-growing in terms of the silk yarn and yarn spun from silk waste imports, with a CAGR of +3.7% from 2012 to 2021. Canada (-3.8%) illustrated a downward trend over the same period. While the share of the United States (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-4.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in Northern America, comprising 96% of total imports. The second position in the ranking was held by Canada ($X), with a 4.1% share of total imports.

In the United States, silk yarn imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with a decrease of -17.6% against the previous year. Overall, the import price showed a pronounced slump. The growth pace was the most rapid in 2019 when the import price increased by 7.7%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.0%).

Source: IndexBox Market Intelligence Platform

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