Price for Silk; Woven Fabrics of Noil Silk in Estonia - 2023

Contents:

1. Price for Silk; Woven Fabrics of Noil Silk in Estonia (CIF) - 2022
2. Price for Silk; Woven Fabrics of Noil Silk in Estonia (FOB) - 2022
3. Imports of Silk; Woven Fabrics of Noil Silk in Estonia
4. Exports of Silk; Woven Fabrics of Noil Silk in Estonia

Price for Silk; Woven Fabrics of Noil Silk in Estonia (CIF) - 2022

In 2022, the average import price for silk; woven fabrics of noil silks amounted to $160,000 per ton, falling by -14.2% against the previous year. In general, the import price, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2017 an increase of 210%. The import price peaked at $213,551 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($414,000 per ton), while the price for Ukraine totaled $75,333 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+46.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silk; Woven Fabrics of Noil Silk in Estonia (FOB) - 2022

In 2020, the average export price for silk; woven fabrics of noil silks amounted to $28,414 per ton, reducing by -55.6% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. As a result, the export price attained the peak level of $75,692 per ton. From 2019 to 2020, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Lithuania ($53,889 per ton), while the average price for exports to Latvia totaled $25,474 per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+4.5%).

Imports of Silk; Woven Fabrics of Noil Silk in Estonia

For the third consecutive year, Estonia recorded decline in purchases abroad of silk; woven fabrics of noil silks, which decreased by -78.9% to 4 kg in 2022. Over the period under review, imports continue to indicate a dramatic setback. The smallest decline of -13.6% was in 2021.

In value terms, imports of silk; woven fabrics of noil silks declined sharply to $640 in 2022. In general, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 110% against the previous year.

Top Suppliers of Silk; Woven Fabrics of Noil Silk to Estonia in 2022:

1. Ukraine (3.0 kg)
2. United Kingdom (1.0 kg)

Exports of Silk; Woven Fabrics of Noil Silk in Estonia

In 2022, shipments abroad of silk; woven fabrics of noil silks decreased by 0% to less than 0.1 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 412%. As a result, the exports reached the peak of 87 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of silk; woven fabrics of noil silks totaled $159 in 2022. Overall, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 127% against the previous year. As a result, the exports attained the peak of $2.5K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Silk; Woven Fabrics of Noil Silk from Estonia in 2022:

1. Latvia (78.0 kg)
2. Lithuania (9.0 kg)

Source: IndexBox Market Intelligence Platform