Europe: Silk Fabric Market 2024

Silk Fabric Market Size in Europe

In 2023, the Europe silk fabric market decreased by X% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a prominent expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2021; afterwards, it flattened through to 2023.

Silk Fabric Production in Europe

In value terms, silk fabric production stood at $X in 2023 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Silk Fabric Exports

Exports in Europe

In 2023, shipments abroad of woven fabrics of silk or of silk waste decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The volume of export peaked at X square meters in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports expanded rapidly to $X in 2023. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Italy (X square meters) represented the key exporter of woven fabrics of silk or of silk waste, generating X% of total exports. France (X square meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Romania (X%), the UK (X%) and Spain (X%). Lithuania (X square meters) and Germany (X square meters) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to silk fabric exports from Italy stood at X%. At the same time, Lithuania (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, Romania (X%), France (X%), Spain (X%), the UK (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Lithuania (X p.p.), France (X p.p.), Romania (X p.p.) and Italy (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the UK (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest silk fabric supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

In Italy, silk fabric exports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: France (X% per year) and the UK (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per square meter, with an increase of X% against the previous year. Export price indicated a measured 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 fabric export price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per square meter), while Romania ($X per square meter) was amongst the lowest.

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

Silk Fabric Imports

Imports in Europe

In 2023, approx. X square meters of woven fabrics of silk or of silk waste were imported in Europe; shrinking by X% compared with 2022. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, silk fabric imports shrank to $X in 2023. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Italy represented the main importing country with an import of around X square meters, which amounted to X% of total imports. The UK (X square meters) took the second position in the ranking, distantly followed by France (X square meters), Portugal (X square meters) and Romania (X square meters). All these countries together held near X% share of total imports. Russia (X square meters), Spain (X square meters), Germany (X square meters) and Lithuania (X square meters) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to silk fabric imports into Italy stood at X%. Lithuania experienced a relatively flat trend pattern. the UK (X%), Portugal (X%), Romania (X%), Russia (X%), Spain (X%), France (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of the UK (X p.p.), Italy (X p.p.), Portugal (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Spain (X p.p.), France (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), France ($X) and the UK ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Spain, Romania, Germany, Portugal, Russia and Lithuania lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Europe stood at $X per square meter in 2023, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per square meter), while the UK ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform