United Kingdom: Silk Yarn Market 2021

Silk Yarn Market Size in the UK

The UK silk yarn market dropped to $X in 2019, which is down by -X% against the previous year. Overall, consumption continues to indicate a deep slump. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Silk yarn consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Silk Yarn Production in the UK

In value terms, silk yarn production fell to $X in 2019 estimated in export prices. Overall, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Silk Yarn Exports

Exports from the UK

Silk yarn exports from the UK reduced rapidly to X tons in 2019, with a decrease of -X% compared with the year before. Overall, exports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at X tons in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, silk yarn exports surged to $X in 2019. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Germany (X tons), Sri Lanka (X tons) and Romania (X tons) were the main destinations of silk yarn exports from the UK, with a combined X% share of total exports. Turkey, Indonesia, the U.S. and Croatia lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk yarn exported from the UK were Germany ($X), Turkey ($X) and the U.S. ($X), together comprising X% of total exports.

In terms of the main countries of destination, Turkey recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2019, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka, while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into the UK

In 2019, approx. X tons of silk yarn were imported into the UK; with a decrease of -X% compared with the year before. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, silk yarn imports dropped remarkably to $X in 2019. In general, total imports indicated a mild increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2019, Italy (X tons) constituted the largest supplier of silk yarn to the UK, with a X% share of total imports. Moreover, silk yarn imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy stood at -X%.

In value terms, Italy ($X) constituted the largest supplier of silk yarn to the UK, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Italy stood at +X%.

Import Prices by Country

In 2019, the average silk yarn import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated pronounced growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, silk yarn import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for China totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox Platform

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