
Saudi Arabia - Silk Yarn and Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
Saudi Arabia: Silk Yarn Market 2023
Silk Yarn Market Size in Saudi Arabia
The Saudi silk yarn market dropped to $X in 2021, shrinking by -5.6% against the previous year. Overall, consumption, however, saw a perceptible downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.
Silk Yarn Production in Saudi Arabia
In value terms, silk yarn production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2014 with an increase of 62%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.
Silk Yarn Exports
Exports from Saudi Arabia
Silk yarn exports from Saudi Arabia dropped sharply to X kg in 2021, waning by -85.2% compared with 2020 figures. In general, exports saw a sharp decline. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports remained at a lower figure.
In value terms, silk yarn exports reduced dramatically to $X in 2021. Over the period under review, exports saw a sharp setback. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.
Exports by Country
Denmark (X kg) was the main destination for silk yarn exports from Saudi Arabia, with a approx. 50% share of total exports.
From 2013 to 2021, the average annual growth rate of volume to Denmark was relatively modest.
From 2013 to 2021, the average annual growth rate of value to No country was relatively modest.
Silk Yarn Imports
Imports into Saudi Arabia
For the third year in a row, Saudi Arabia recorded growth in overseas purchases of silk yarn and yarn spun from silk waste, which increased by 1,474% to X tons in 2021. In general, imports, however, faced a dramatic shrinkage. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.
In value terms, silk yarn imports soared to $X in 2021. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Germany (X tons) constituted the largest supplier of silk yarn to Saudi Arabia, accounting for a 59% share of total imports. Moreover, silk yarn imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X kg), sevenfold. France (X kg) ranked third in terms of total imports with a 7.9% share.
From 2013 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+38.6% per year) and France (0.0% per year).
In value terms, Germany ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Saudi Arabia, comprising 81% of total imports. The second position in the ranking was taken by Spain ($X), with a 3% share of total imports. It was followed by China, with a 2.9% share.
From 2013 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+59.2% per year) and China (-20.7% per year).
Import Prices by Country
The average silk yarn import price stood at $X per ton in 2021, jumping by 237% against the previous year. Overall, the import price showed a significant expansion. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.
From 2013 to 2021, the most notable rate of growth in terms of prices was attained by China (+53.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the silk yarn market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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