In 2023, Italy dominated the European import market for silk yarn, holding a substantial 61.79% share, though it saw a slight decline by 3.02% year-on-year. The United Kingdom and Romania followed with growth rates of 21.11% and 7.19%, respectively. Noteworthy shifts include Slovenia's impressive 77.59% rise, although from a smaller base, and Germany's significant decrease of 19.56%. While smaller markets like Cyprus and Croatia experienced marked increases, others such as Finland and Bulgaria saw declines.
Looking forward, anticipate continued shifts in market dynamics influenced by sustainable practices, evolving fashion trends, and economic factors. Countries showcasing growth may capture more market share. The impact of renewed interest in sustainable textiles and the evolving needs of luxury markets are likely to influence this sector's trajectory in Europe.
Top countries in Import of Silk Yarn and Yarn Spun from Silk Waste Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 61.79 | 2023 | +7.53% | -3.02% | View data |
| 2 | 2 United Kingdom | 8.06 | 2023 | +1.66% | +21.11% | View data |
| 3 | 3 Romania | 7.49 | 2023 | +1.35% | +7.19% | View data |
| 4 | 4 France | 4.96 | 2023 | +8.37% | -4.08% | View data |
| 5 | 5 Slovenia | 4.44 | 2023 | +7.28% | +77.59% | View data |
| 6 | 6 Austria | 3.51 | 2023 | +13.96% | +11.44% | View data |
| 7 | 7 Germany | 2.86 | 2023 | -23.39% | -19.56% | View data |
| 8 | 8 Spain | 1.89 | 2023 | +3.27% | +9.38% | View data |
| 9 | 9 Belgium | 1.87 | 2023 | +20.08% | +6.4% | View data |
| 10 | 10 Ireland | 1.16 | 2023 | +4.49% | +2.59% | View data |
