Which Country Exports the Most Silk Yarn in the World?

IndexBox has just published a new report "World: Silk Yarn And Yarn Spun From Silk Waste - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of silk yarn imported worldwide amounted to 4.4K tonnes, reducing by -11.1% against the previous year level. In general, silk yarn imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2008, when import increased by 16% year-to-year. In that year, global silk yarn imports attained its maximum volume of 9.7K tonnes. From 2009 to 2016, growth of global silk yarn imports failed to regain its strength.

In value terms, silk yarn imports amounted to $217M in 2016. Overall, silk yarn imports continue to indicate a measured decrease. In that year, global silk yarn imports attained its maximum level of $304M. From 2012 to 2016, growth of global silk yarn imports stood at a somewhat lower level.

Top Silk Yarn Importing Countries in the World

1. Italy (87.6 million USD)

2. Japan (39.3 million USD)

3. United Kingdom (8.8 million USD)

4. India (8.3 million USD)

5. South Korea (8.3 million USD)

6. USA (7.2 million USD)

7. Viet Nam (6.7 million USD)

8. Romania (6.3 million USD)

9. China, Hong Kong SAR (5.4 million USD)

10. Pakistan (4.4 million USD)

11. Austria (1.7 million USD)

12. Indonesia (0.3 million USD)

Silk Yarn Imports By Country

Italy (1.4K tonnes) was the key importer of silk yarn in the world, reaching 1.4K tonnes, which was approx. 32% of total imports in 2016. Japan (726 tonnes) held a 16% share (based on tonnes) of global silk yarn imports, which put it in second place, following China, Hong Kong SAR (7%), and India (5%). The following importers - Pakistan (161 tonnes), Indonesia (157 tonnes), South Korea (153 tonnes), Romania (144 tonnes), the UK (132 tonnes), the U.S. (118 tonnes), Viet Nam (111 tonnes), and Austria (92 tonnes) together made up 24% of total imports.

From 2007 to 2016, the most notable growth rate of silk yarn imports, among the main importing countries, was attained by Viet Nam (+21.8% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Italy ($88M) constitutes the largest market for imported silk yarn worldwide, making up 40% of global imports. The second position in the ranking was occupied by Japan ($39M), with the share of 18% of global imports. It was followed by the UK, with the share of 4%.

From 2007 to 2016, the average annual rate of growth in terms of value of silk yarn imports in Italy declined by -1.5%. In the other countries, the average annual rates were as follows: Japan (+0.7% per year) and the UK (+2.1% per year).

Silk Yarn Import Prices By Country

The average silk yarn import price stood at $49 per kg in 2016, leveling off at the previous year level. Overall, it indicated a remarkable expansion from 2007 to 2016: the import price value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, silk yarn import price decreased by -10.1% against its level of 2013. The most prominent rate of growth was recorded in 2011, when import increased by 44% from the previous year level. Global silk yarn import peaked of $54 per kg in 2013- however, from 2014 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was the UK ($67 per kg), while Indonesia ($2,216 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of silk yarn import prices was attained by South Korea (+6.2% per year), while the other global leaders experienced more modest paces of growth.

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

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

All data provided in this article covers the following product: HS Code 5004 - Silk- yarn (other than yarn spun from silk waste), not put up for retail sale.

Source: World: Silk Yarn And Yarn Spun From Silk Waste - Market Report. Analysis and Forecast to 2025