Which Country Exports the Most Raw Silk in the World?

IndexBox has just published a new report "World: Raw Silk (Not Thrown) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, approx. 10K tonnes of raw silk were imported worldwide- surging by 8% against the previous year level. Overall, raw silk imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016, when it surged by 8% against the previous year level. Global raw silk import peaked of 18K tonnes in 2008- however, from 2009 to 2016, it failed to regain its strength.

In value terms, raw silk imports stood at $422M in 2016. Overall, raw silk imports continue to indicate a relatively flat trend pattern. In that year, global raw silk imports attained its maximum level of $479M. From 2012 to 2016, growth of global raw silk imports stood at a somewhat lower level.

Top Raw Silk Importing Countries in the World

1. India (157.7 million USD)

2. Romania (84.7 million USD)

3. Viet Nam (46.1 million USD)

4. Italy (39.2 million USD)

5. Japan (20.8 million USD)

6. South Korea (15.7 million USD)

7. France (11.5 million USD)

8. Malaysia (10.3 million USD)

9. Iran (2.4 million USD)

10. Brazil (1.9 million USD)

11. China (1.4 million USD)

12. United Arab Emirates (0.9 million USD)

Raw Silk Imports By Country

India (3.8K tonnes) represented the major importing country with an import of about 3.8K tonnes, which resulted at 36% of total imports. It was distantly followed by Romania (1.6K tonnes), Viet Nam (902 tonnes), Italy (710 tonnes), and Brazil (505 tonnes), together constituting 36% share of total raw silk imports. Japan (395 tonnes), South Korea (310 tonnes), Malaysia (274 tonnes), China (218 tonnes), United Arab Emirates (185 tonnes), Iran (176 tonnes), and France (156 tonnes) followed a long way behind this figure.

Imports into India decreased at an average annual rate of -7.6% from 2007 to 2016. At the same time, Malaysia (+5.3%), and Romania (+2.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest growing importer/exporter in the world, with a CAGR of +5.3% from 2007-2016. France, and Viet Nam experienced a relatively flat trend pattern. By contrast, Iran (-2.4%), Italy (-4.4%), China (-6.7%), Japan (-7.4%), United Arab Emirates (-8.8%), Brazil (-10.2%), and South Korea (-12.1%) illustrated a downward trend over the same period. India (37%), Brazil (8%), South Korea (7%), Japan (4%), Italy (3%), United Arab Emirates (2%), and China (2%) significantly strengthened its position in terms of the global imports, while Romania saw its share reduced by -3.4% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest raw silk markets worldwide were India ($158M), Romania ($85M) and Viet Nam ($46M), together comprising 68% of global imports. These countries were followed by Italy, Japan, South Korea, France, Malaysia, Iran, Brazil, China and United Arab Emirates, which together accounted for a further 25%.

Malaysia (+63.1% per year) recorded the highest growth rate of raw silk imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Raw Silk Import Prices By Country

The average raw silk import price stood at $41 per kg in 2016, reducing by -2.7% against the previous year. Overall, raw silk import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2010, when import increased by 27% y-o-y. Over the period under review, average raw silk import price reached its maximum level of $45 per kg in 2014- however, from 2015 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was France ($73 per kg), while Brazil ($3,801 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of raw silk import prices was attained by Malaysia (+54.9% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global raw silk market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• raw silk market share
• raw silk prices
• raw silk industry
• raw silk sales
• raw silk import
• raw silk export
• raw silk market forecast
• raw silk price forecast
• key raw silk producers

All data provided in this article covers the following product: HS Code 5002 - Raw silk (not thrown).

Source: World: Raw Silk (Not Thrown) - Market Report. Analysis and Forecast to 2025