Sweden: Silk Yarn Market 2024

Silk Yarn Market Size in Sweden

The Swedish silk yarn market contracted to $X in 2023, falling by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Silk Yarn Production in Sweden

In value terms, silk yarn production declined to $X in 2023 estimated in export price. Over the period under review, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Sweden

In 2023, approx. X kg of silk yarn and yarn spun from silk waste were exported from Sweden; surging by X% on 2022. Over the period under review, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, silk yarn exports reduced to $X in 2023. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X kg), the UK (X kg) and South Korea (X kg) were the main destinations of silk yarn exports from Sweden, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Norway ($X) emerged as the key foreign market for silk yarn and yarn spun from silk waste exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and South Korea (X% per year).

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced a decline.

Silk Yarn Imports

Imports into Sweden

In 2023, after four years of growth, there was significant decline in overseas purchases of silk yarn and yarn spun from silk waste, when their volume decreased by X% to X kg. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, silk yarn imports shrank markedly to $X in 2023. Over the period under review, imports saw a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Vietnam (X kg), Switzerland (X kg) and India (X kg) were the main suppliers of silk yarn imports to Sweden, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silk yarn suppliers to Sweden were Vietnam ($X), Switzerland ($X) and Germany ($X), together comprising X% of total imports.

Among the main suppliers, Vietnam, 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

In 2023, the average silk yarn import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silk yarn import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform