Romania: Silk Yarn Market 2023

Silk Yarn Market Size in Romania

In 2021, after three years of decline, there was significant growth in the Romanian silk yarn market, when its value increased by 29% to $X. Over the period under review, consumption, however, continues to indicate a drastic downturn. Silk yarn consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Silk Yarn Production in Romania

In value terms, silk yarn production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.0% against 2018 indices. Silk yarn production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports from Romania

Silk yarn exports from Romania soared to X tons in 2021, picking up by 16% on 2020 figures. In general, exports, however, recorded a pronounced setback. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, silk yarn exports surged to $X in 2021. Over the period under review, exports, however, saw a mild shrinkage. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for silk yarn exports from Romania, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at -2.7%.

In value terms, Italy ($X) also remains the key foreign market for silk yarn and yarn spun from silk waste exports from Romania.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2021, growing by 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +1.8% per year.

Silk Yarn Imports

Imports into Romania

In 2021, the amount of silk yarn and yarn spun from silk waste imported into Romania dropped to X tons, which is down by -13.4% compared with 2020. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 49%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, silk yarn imports stood at $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of silk yarn to Romania, with a 70% share of total imports. Moreover, silk yarn imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+144.6% per year) and Belgium (-8.0% per year).

In value terms, Italy ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Romania, comprising 87% of total imports. The second position in the ranking was taken by China ($X), with a 9.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+185.3% per year) and Belgium (-3.0% per year).

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, jumping by 25% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk yarn import price increased by +41.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 42%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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