United Kingdom: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in the UK

The UK silk shawl and scarf market shrank rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Production of Silk Shawls And Scarves in the UK

In value terms, silk shawl and scarf production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Silk shawl and scarf production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Silk Shawls And Scarves

Exports from the UK

In 2022, overseas shipments of silk shawls and scarves were finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, silk shawl and scarf exports reduced modestly to $X in 2022. Overall, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for silk shawl and scarf exports from the UK, with a X% share of total exports. Moreover, silk shawl and scarf exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), fourfold. South Korea (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

In value terms, Hong Kong SAR ($X), Macao SAR ($X) and the United States ($X) were the largest markets for silk shawl and scarf exported from the UK worldwide, together accounting for X% of total exports.

Macao SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 2022, the average silk shawl and scarf export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into the UK

In 2022, approx. X units of silk shawls and scarves were imported into the UK; declining by X% compared with the previous year's figure. In general, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, silk shawl and scarf imports reduced remarkably to $X in 2022. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

Italy (X units), China (X units) and India (X units) were the main suppliers of silk shawl and scarf imports to the UK, with a combined X% share of total imports.

From 2012 to 2022, 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, Italy ($X) constituted the largest supplier of silk shawls and scarves to the UK, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and China (X% per year).

Import Prices by Country

The average silk shawl and scarf import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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