Global Silk Fabric Market 2024

Silk Fabric Market Size

For the third consecutive year, the global silk fabric market recorded growth in sales value, which increased by X% to $X in 2023. Overall, the total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Silk Fabric Production

In value terms, silk fabric production totaled $X in 2023 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Silk Fabric Exports

Exports

After two years of growth, overseas shipments of woven fabrics of silk or of silk waste decreased by X% to X square meters in 2023. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure at X square meters in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, silk fabric exports contracted to $X in 2023. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X square meters, which was approx. X% of total exports in 2023. It was distantly followed by Italy (X square meters), generating an X% share of total exports. The following exporters - India (X square meters), Japan (X square meters), South Korea (X square meters), South Africa (X square meters), Vietnam (X square meters) and France (X square meters) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to silk fabric exports from China stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Japan (X%), France (X%), India (X%), South Africa (X%), Italy (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Vietnam increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of global exports. France, South Korea, Japan, Vietnam and South Africa lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2023, surging 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 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per square meter), while South Africa ($X per square meter) was amongst the lowest.

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

Silk Fabric Imports

Imports

In 2023, the amount of woven fabrics of silk or of silk waste imported worldwide reduced sharply to X square meters, waning by X% on 2022. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Global imports peaked at X square meters in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, silk fabric imports dropped to $X in 2023. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Global imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the major importer of woven fabrics of silk or of silk waste in the world, with the volume of imports amounting to X square meters, which was near X% of total imports in 2023. Kyrgyzstan (X square meters) ranks second in terms of the total imports with a X% share, followed by Italy (X%) and Myanmar (X%). Vietnam (X square meters), the UK (X square meters), the United Arab Emirates (X square meters), Sri Lanka (X square meters) and Japan (X square meters) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to silk fabric imports into Nigeria stood at X%. At the same time, Myanmar (X%), Kyrgyzstan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%), the UK (X%), the United Arab Emirates (X%), Japan (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Kyrgyzstan and Myanmar increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported woven fabrics of silk or of silk waste worldwide, comprising X% of global imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of global imports. It was followed by Vietnam, 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: the United Arab Emirates (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2023, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Global import price peaked at $X per square meter in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform