SILK TRADE IN THE EUROPEAN UNION: TRENDS IN THE PERIOD 2010-2019
The paper analyzed in the EU silk export, import and trade balance in the period 2010-2019 pointing out the main tendencies and the role and position of the major "actors" in silk commercial transactions. The data provided by International Trade Center were processed using the fixed basis...
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| Format: | Article |
| Language: | English |
| Published: |
University of Agricultural Sciences and Veterinary Medicine, Bucharest
2020-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.20_3/Art49.pdf |
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| Summary: | The paper analyzed in the EU silk export, import and trade balance in the period 2010-2019 pointing out the main tendencies and the role and position of the major "actors" in silk commercial transactions. The data provided by International Trade Center were processed using the fixed basis index, descriptive statistics, average annual growth rate, and trend method based on regression models. The results showed that the EU-28 is the most important importer and consumer of raw silk and also the top exporter of textiles and fashion products worldwide. However, the silk export and import values declined at the EU level and also in the top 10 countries "players" in the silk market. The countries with the major impact on the silk export and import in the EU are, in the decreasing order: Italy, Romania, France, United Kingdom and Germany whose market share represented 94.32% in the EU export and 86.9 % in the EU import in the year 2019. A lower market share in case of silk import have Bulgaria, Slovenia, Portugal, Spain and Austria as well. China and India are the main suppliers of raw silk and other silk products for the EU, but also Vietnam and Thailand. The EU developed a new clustering strategy enlarging the geographical area where silk products could be produced cheaper, the workforce could be more efficiently used increasing productivity and sales in the silk products market. In this way, raw silk could be provided locally preventing a possible decline of China supply. |
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| ISSN: | 2284-7995 2285-3952 |