Price for Silk; Woven Fabrics of Noil Silk in Australia - 2024
Contents:
- Price for Silk; Woven Fabrics of Noil Silk in Australia (CIF) - 2022
- Price for Silk; Woven Fabrics of Noil Silk in Australia (FOB) - 2022
- Imports of Silk; Woven Fabrics of Noil Silk in Australia
- Exports of Silk; Woven Fabrics of Noil Silk in Australia
Price for Silk; Woven Fabrics of Noil Silk in Australia (CIF) - 2022
The average import price for silk; woven fabrics of noil silks stood at $119,250 per ton in 2022, with an increase of 15% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +11.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silk; woven fabrics of noil silks increased by +62.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 168% against the previous year. Over the period under review, average import prices attained the maximum at $122,614 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($119,739 per ton) and Italy ($119,297 per ton), while the price for India ($118,529 per ton) and China ($119,188 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silk; Woven Fabrics of Noil Silk in Australia (FOB) - 2022
In 2022, the average export price for silk; woven fabrics of noil silks amounted to $90,517 per ton, surging by 25% against the previous year. In general, the export price posted pronounced growth. The growth pace was the most rapid in 2016 an increase of 607% against the previous year. Over the period under review, the average export prices attained the peak figure at $178,216 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($111,485 per ton), while the average price for exports to Hong Kong SAR stood at $71,612 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+160.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silk; Woven Fabrics of Noil Silk in Australia
Imports of silk; woven fabrics of noil silks into Australia expanded to 724 kg in 2022, increasing by 3.6% against 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 95%. As a result, imports attained the peak of 957 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of silk; woven fabrics of noil silks skyrocketed to $86K in 2022. The total import value increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silk; Woven Fabrics of Noil Silk in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 20.5 | 29.9 | 56.5 | 45.5 | 30.4% |
| China | 6.8 | 28.5 | 7.8 | 30.4 | 64.7% |
| United States | 3.8 | 4.0 | N/A | 5.5 | 13.1% |
| India | 22.1 | 2.6 | 5.3 | 4.0 | -43.4% |
| Switzerland | N/A | 4.7 | 0.9 | 1.0 | -53.9% |
| United Kingdom | 7.1 | N/A | 1.1 | N/A | -60.6% |
| Others | N/A | 0.8 | 1.0 | N/A | 25.0% |
| Total | 60.3 | 70.5 | 72.6 | 86.3 | 12.7% |
Top Suppliers of Silk; Woven Fabrics of Noil Silk to Australia in 2022:
- Italy (381.0 kg)
- China (255.0 kg)
- United States (46.0 kg)
- India (34.0 kg)
- Switzerland (8.0 kg)
Exports of Silk; Woven Fabrics of Noil Silk in Australia
After three years of growth, overseas shipments of silk; woven fabrics of noil silks decreased by -50.2% to 348 kg in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 241% against the previous year. As a result, the exports attained the peak of 699 kg, and then fell notably in the following year.
In value terms, exports of silk; woven fabrics of noil silks fell markedly to $32K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 157%. As a result, the exports reached the peak of $51K, and then declined markedly in the following year.
| Export of Silk; Woven Fabrics of Noil Silk in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 2.8 | 18.4 | 557.1% |
| Hong Kong SAR | 3.8 | N/A | 3.4 | 13.1 | 51.1% |
| Fiji | 0.8 | 10.7 | N/A | N/A | 1237.5% |
| New Zealand | 1.9 | 1.7 | 7.3 | N/A | 96.0% |
| Vietnam | N/A | 4.6 | N/A | N/A | 0% |
| Indonesia | N/A | N/A | 12.8 | N/A | 0% |
| Denmark | N/A | N/A | 22.3 | N/A | 0% |
| Others | 7.0 | 2.8 | 2.0 | N/A | -46.5% |
| Total | 13.5 | 19.7 | 50.7 | 31.5 | 32.6% |
Top Export Markets for Silk; Woven Fabrics of Noil Silk from Australia in 2022:
- Hong Kong SAR (183.0 kg)
- China (165.0 kg)
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