Global Silk Yarn Market 2024

Silk Yarn Market Size

The global silk yarn market was estimated at $X in 2023, increasing by X% against the previous year. In general, consumption, however, recorded a slight reduction. Global consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Silk Yarn Production

In value terms, silk yarn production totaled $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

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Silk Yarn Exports

Exports

After two years of growth, overseas shipments of silk yarn and yarn spun from silk waste decreased by X% to X tons in 2023. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of X%. The global exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, silk yarn exports rose notably to $X in 2023. Overall, exports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

China represented the largest exporting country with an export of around X tons, which finished at X% of total exports. Romania (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%) and Italy (X%). Brazil (X tons), Slovenia (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to silk yarn exports from China stood at X%. At the same time, Slovenia (X%) and Romania (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. India experienced a relatively flat trend pattern. By contrast, Italy (X%), Vietnam (X%) and Brazil (X%) illustrated a downward trend over the same period. Romania (X p.p.), Italy (X p.p.), Vietnam (X p.p.) and Slovenia (X p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silk yarn supplying countries worldwide were China ($X), Romania ($X) and Italy ($X), together comprising X% of global exports. Vietnam, Brazil, Slovenia and India lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average silk yarn export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per ton), while India ($X per ton) was amongst the lowest.

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

Silk Yarn Imports

Imports

In 2023, supplies from abroad of silk yarn and yarn spun from silk waste increased by X% to X tons, rising for the third consecutive year after six years of decline. Over the period under review, imports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Global imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, silk yarn imports surged to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Italy was the key importing country with an import of about X tons, which accounted for X% of total imports. Japan (X tons) ranks second in terms of the total imports with an X% share, followed by Nigeria (X%) and India (X%). The following importers - Nepal (X tons), France (X tons), Romania (X tons), the United States (X tons), Slovenia (X tons), Pakistan (X tons), Ireland (X tons) and Vietnam (X tons) - together made up X% of total imports.

Italy experienced a relatively flat trend pattern with regard to volume of imports of silk yarn and yarn spun from silk waste. At the same time, Slovenia (X%), Nigeria (X%), Ireland (X%), Vietnam (X%), the United States (X%), Romania (X%) and France (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Nepal experienced a relatively flat trend pattern. By contrast, India (X%), Japan (X%) and Pakistan (X%) illustrated a downward trend over the same period. Italy (X p.p.), Nigeria (X p.p.), Slovenia (X p.p.), Ireland (X p.p.), India (X p.p.), France (X p.p.), the United States (X p.p.), Nepal (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the global imports, while Japan and Pakistan saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste worldwide, comprising X% of global imports. The second position in the ranking was held by Japan ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Italy amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the average silk yarn import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform