Puerto Rico: Market for Silk Shawls And Scarves 2022

Market Size for Silk Shawls And Scarves in Puerto Rico

The Puerto Rican silk shawl and scarf market surged to $X in 2021, with an increase of X% against the previous year. In general, consumption, however, recorded a noticeable reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Silk Shawls And Scarves in Puerto Rico

In value terms, silk shawl and scarf production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Silk Shawls And Scarves

Exports by Country

In 2021, China (X units) represented the largest exporter of silk shawls and scarves, mixing up X% of total exports. Italy (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%), India (X%) and the United States (X%). Madagascar (X units), Tunisia (X units) and Egypt (X units) held a minor share of total exports.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Egypt (+X%), Madagascar (+X%), France (+X%) and Tunisia (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. By contrast, the United States (-X%), Italy (-X%) and India (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), France (+X p.p.), Madagascar (less than X p.p.), Egypt (less than X p.p.) and Tunisia (less than X p.p.) increased significantly in terms of the global exports from 2012-2021, the share of India (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silk shawl and scarf supplying countries from Puerto Rico were France ($X), Italy ($X) and China ($X), with a combined X% share of total exports. Tunisia, Egypt, Madagascar, India and the United States lagged somewhat behind, together accounting for a further X the main exporting countries, Egypt, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per thousand units), while the United States ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the other leaders experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports by Country

The purchases of the four major importers of silk shawls and scarves, namely the United States, the United Arab Emirates, France and China, represented more than third of total import. Nigeria (X units) ranks next in terms of the total imports with a X% share, followed by Italy (X%). The following importers - Germany (X units), Singapore (X units), South Korea (X units), the UK (X units), Madagascar (X units), the Netherlands (X units) and Spain (X units) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nigeria (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2021, together accounting for X% of total imports. These countries were followed by Italy, Germany, the United Arab Emirates, the UK, South Korea, Singapore, Madagascar, the Netherlands, Spain and Nigeria, which together accounted for a further X the main importing countries, Madagascar, with a CAGR of +X%, saw 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, remaining stable against the previous year. Overall, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per thousand units), while Nigeria ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Madagascar (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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