Switzerland: Silk Yarn Market 2024

Silk Yarn Market Size in Switzerland

The Swiss silk yarn market rose significantly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Silk Yarn Production in Switzerland

In value terms, silk yarn production rose modestly to $X in 2023 estimated in export price. In general, production, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

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Silk Yarn Exports

Exports from Switzerland

In 2023, exports of silk yarn and yarn spun from silk waste from Switzerland declined to X tons, shrinking by X% compared with 2022. Overall, exports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, silk yarn exports dropped slightly to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), France (X tons) and Germany (X tons) were the main destinations of silk yarn exports from Switzerland, together comprising X% of total exports. Canada, Austria, Spain, Guatemala and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for silk yarn exported from Switzerland were Germany ($X), the United States ($X) and France ($X), with a combined X% share of total exports. Austria, Canada, Spain, Guatemala and the UK lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average silk yarn export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silk yarn export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Switzerland

In 2023, approx. X tons of silk yarn and yarn spun from silk waste were imported into Switzerland; declining by X% against the previous year. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, silk yarn imports declined slightly to $X in 2023. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Germany (X kg), Italy (X kg) and Japan (X kg) were the main suppliers of silk yarn imports to Switzerland, together comprising X% of total imports. Brazil, Denmark, China, Malta, Peru, the Czech Republic and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Germany ($X) and Japan ($X) appeared to be the largest silk yarn suppliers to Switzerland, together comprising X% of total imports. Brazil, Denmark, Malta, China, Peru, the Czech Republic and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average silk yarn import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. 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 growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Malta ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform