Price for Silk; Woven Fabrics of Noil Silk in India - 2023

Contents:

1. Price for Silk; Woven Fabrics of Noil Silk in India (FOB) - 2022
2. Price for Silk; Woven Fabrics of Noil Silk in India (CIF) - 2022
3. Exports of Silk; Woven Fabrics of Noil Silk in India
4. Imports of Silk; Woven Fabrics of Noil Silk in India

Price for Silk; Woven Fabrics of Noil Silk in India (FOB) - 2022

In 2022, the average export price for silk; woven fabrics of noil silks amounted to $147,977 per ton, surging by 18% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for silk; woven fabrics of noil silks increased by +44.2% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by 74%. As a result, the export price reached the peak level of $178,174 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Israel ($153,452 per ton) and Canada ($153,421 per ton), while the average price for exports to Switzerland ($110,984 per ton) and Singapore ($111,308 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Silk; Woven Fabrics of Noil Silk in India (CIF) - 2022

In 2022, the average import price for silk; woven fabrics of noil silks amounted to $119,523 per ton, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2018 an increase of 43% against the previous year. Over the period under review, average import prices reached the peak figure at $123,068 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($127,500 per ton) and the United States ($119,550 per ton), while the price for Bangladesh ($118,000 per ton) and Italy ($119,444 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Silk; Woven Fabrics of Noil Silk in India

In 2022, exports of silk; woven fabrics of noil silks from India reduced sharply to 6.7 tons, falling by -61.2% against 2021. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 138% against the previous year. As a result, the exports attained the peak of 17 tons, and then contracted rapidly in the following year.

In value terms, exports of silk; woven fabrics of noil silks declined rapidly to $993K in 2022. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 191% against the previous year. As a result, the exports reached the peak of $2.2M, and then declined notably in the following year.

Top Export Markets for Silk; Woven Fabrics of Noil Silk from India in 2022:

1. United States (1420.0 kg)
2. United Arab Emirates (879.0 kg)
3. Israel (516.0 kg)
4. Italy (328.0 kg)
5. United Kingdom (327.0 kg)
6. Bhutan (316.0 kg)
7. Canada (285.0 kg)
8. France (223.0 kg)
9. Hungary (220.0 kg)
10. Singapore (211.0 kg)
11. Switzerland (188.0 kg)
12. Qatar (185.0 kg)
13. Japan (178.0 kg)

Imports of Silk; Woven Fabrics of Noil Silk in India

In 2022, after two years of decline, there was significant growth in supplies from abroad of silk; woven fabrics of noil silks, when their volume increased by 192% to 111 kg. Over the period under review, imports, however, continue to indicate a precipitous contraction.

In value terms, imports of silk; woven fabrics of noil silks surged to $13K in 2022. Overall, imports, however, showed a precipitous decrease.

Top Suppliers of Silk; Woven Fabrics of Noil Silk to India in 2022:

1. United States (80.0 kg)
2. Italy (18.0 kg)
3. Bangladesh (11.0 kg)
4. United Arab Emirates (2.0 kg)

Source: IndexBox Market Intelligence Platform