U.S.: Market for Silk Shawls And Scarves 2022

Market Size for Silk Shawls And Scarves in the U.S.

The U.S. silk shawl and scarf market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a abrupt descent. Silk shawl and scarf consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Silk Shawls And Scarves

Exports from the U.S.

In 2021, the amount of silk shawls and scarves exported from the United States rose significantly to X units, with an increase of X% on the year before. Overall, exports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silk shawl and scarf exports amounted to $X in 2021. Over the period under review, exports, however, showed a abrupt slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for silk shawl and scarf exports from the United States, accounting for a X% share of total exports. Moreover, silk shawl and scarf exports to Canada exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with less than X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Italy (-X% per year).

In value terms, Canada ($X) remains the key foreign market for silk shawl and scarf exports from the United States, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with less than X% share of total exports. It was followed by Italy, with less than X% share.

From 2012 to 2021, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Italy (-X% per year).

Export Prices by Country

The average silk shawl and scarf export price stood at $X per unit in 2021, increasing by less than X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Italy ($X per unit) and Canada ($X per unit), while the average price for exports to the UK ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-X%), while the prices for the other major destinations experienced a decline.

Imports of Silk Shawls And Scarves

Imports into the U.S.

In 2021, purchases abroad of silk shawls and scarves decreased by less than X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silk shawl and scarf imports soared to $X in 2021. Overall, imports saw a pronounced reduction. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and India (X units) were the main suppliers of silk shawl and scarf imports to the United States, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, the largest silk shawl and scarf suppliers to the United States were Italy ($X), France ($X) and China ($X), together comprising X% of total imports.

Among the main suppliers, Italy, with a CAGR of +X%, saw 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

The average silk shawl and scarf import price stood at $X per unit in 2021, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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