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India - Silk Yarn And Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

India - Silk Yarn And Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: May 31, 2023

Silk Yarn Price in India Slumps 20% to $36.7 per kg After Two Consecutive Months of Decline

India Silk Yarn Import Price in February 2023

In February 2023, the silk yarn price stood at $36,699 per ton (CIF, India), which is down by -19.6% against the previous month. In general, the import price saw a perceptible contraction. The growth pace was the most rapid in December 2022 when the average import price increased by 44% m-o-m. Over the period under review, average import prices attained the peak figure at $60,648 per ton in March 2022; however, from April 2022 to February 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($70,394 per ton), while the price for China stood at $29,922 per ton.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.5%).

COUNTRYImport Price of Silk Yarn in India (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Vietnam66,32570,57575,06574,52274,50869,88470,31169,60071,92063,11269,75868,63270,394
China35,36649,53328,97323,54035,53226,90939,85929,06633,32226,17629,98428,81229,922
Average48,64060,64846,59137,56943,06937,24548,83337,66842,10133,59748,51045,65436,699

India Silk Yarn Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In February 2023, the product with the highest price was silk yarn ($102K per ton), while the price for yarn spun from silk waste ($19,470 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by silk yarn (+3.9%), while the prices for the other products experienced a decline.

India Silk Yarn Imports

Silk yarn imports into India dropped rapidly to 39 tons in February 2023, falling by -28% compared with the previous month's figure. In general, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in July 2022 with an increase of 158% month-to-month.

In value terms, silk yarn imports declined markedly to $1.4M (IndexBox estimates) in February 2023. Over the period under review, imports, however, showed a mild increase. The pace of growth was the most pronounced in July 2022 when imports increased by 123% month-to-month. As a result, imports reached the peak of $3.2M. From August 2022 to February 2023, the growth of imports failed to regain momentum.

India Silk Yarn Imports by Type

In February 2023, yarn spun from silk waste (27 tons) constituted the largest type of silk yarn supplied to India, with a 71% share of total imports. Moreover, yarn spun from silk waste exceeded the figures recorded for the second-largest type, silk yarn (7.8 tons), fourfold.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of yarn spun from silk waste totaled +6.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: silk yarn (-2.8% per month) and silk yarn and yarn spun from silk waste, put up for retail sale (+44.5% per month).

In value terms, silk yarn ($790K), yarn spun from silk waste ($532K) and silk yarn and yarn spun from silk waste, put up for retail sale ($91K) constituted the most imported types of silk yarn and yarn spun from silk waste in India.

India Silk Yarn Imports by Country

In February 2023, China (32 tons) constituted the largest supplier of silk yarn to India, accounting for a 83% share of total imports. Moreover, silk yarn imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (6.4 tons), fivefold.

From February 2022 to February 2023, the average monthly growth rate of volume from China totaled +7.1%.

In value terms, China ($962K) constituted the largest supplier of silk yarn to India, comprising 68% of total imports. The second position in the ranking was held by Vietnam ($448K), with a 32% share of total imports.

From February 2022 to February 2023, the average monthly rate of growth in terms of value from China stood at +5.6%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silk yarn market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)
  • Prodcom 13104030 - Yarn spun from silk waste, n.p.r.s.
  • Prodcom 13104050 - Silk yarn and silk waste yarn, p.r.s., silk-worm gut

Country coverage:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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