China Has a Strong Foothold on Global Raw Silk Exports, with $340M in 2014

Textile Fibres July 09, 2015
Author: Olga Minchina
Account Manager

Despite displaying some negative dynamics, China continued its dominance in the global raw silk (not thrown) trade. In 2014, China exported 6,359 tonnes of raw silk (not thrown) totaling 340 million USD, 9% under the previous year. Its primary trading partner was India, where it supplied 30.6% of its total raw silk (not thrown) exports, accounting for 99.5% of total India's imports.

Overall, the global raw silk (not thrown) trade reached 381 million USD, with a CAGR of 0.3% from 2007 to 2014. In physical terms, it showed steady decline, falling from 15.1 thousand tonnes in 2007 to 7.9 thousand tonnes in 2014.

In 2014, India (35.5%), Romania (16.9%), Viet Nam (13.7%), Italy (11.3%) and Japan (7.2%) were the leading destinations of raw silk (not thrown) imports, together making up 84.6% of global imports. The share of Romania increased significantly (+7 percentage points), while the share of India illustrated negative dynamics (-11 percentage points).

China and Italy were the main global suppliers of raw silk (not thrown) in 2014 with a combined share of 94.7% of global exports. However, the fastest growing exporters from 2007 to 2014 were the UK (+15.2% per year), Germany (+14.6% per year) and the U.S. (+13.8% per year). Romania, meanwhile, tripled its position in the global export structure, from 1% in 2007 to 3% in 2014.

Source: World: Raw Silk (Not Thrown) - Market Report. Analysis and Forecast to 2020