China Remains the Global Leader in Raw Silk Exports despite 9% Drop in 2014

Fibre Crops October 14, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

China seized control of the raw silk market. In 2014, China exported 6 thousand tonnes of raw silk totaling 340 million USD, 9% under the previous year. Its primary trading partner was India, where it supplied 46% of its total raw silk exports in value terms, accounting for 99% of India's total imports.

From 2007 to 2014, China was a net exporter of raw silk. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.

Italy and Romania were among the other main global suppliers of raw silk in 2014. However, the fastest growing exporters from 2007 to 2014 were Malaysia (+60% per year) and Germany (+15% per year). Romania significantly strengthened its position in the global export structure.

In 2014, China's top 5 trading partners were India, Romania, Viet Nam, Japan and Italy, with a combined 86% share of China's raw silk exports. The share of Romania increased significantly (+10 percentage points), while the share of India illustrated negative dynamics (-16 percentage points).

Source: World: Raw Silk - Market Report. Analysis And Forecast To 2020