Price for Silk; Woven Fabrics of Noil Silk in the United States - 2024

Price for Silk; Woven Fabrics of Noil Silk in the United States (CIF) - 2022

In 2022, the average import price for silk; woven fabrics of noil silks amounted to $113,516 per ton, with an increase of 20% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silk; woven fabrics of noil silks increased by +75.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30%. The import price peaked at $135,643 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($289,731 per ton), while the price for Taiwan (Chinese) ($31,423 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silk; Woven Fabrics of Noil Silk in the United States (FOB) - 2022

In 2022, the average export price for silk; woven fabrics of noil silks amounted to $55,412 per ton, which is down by -6.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices attained the peak figure at $65,787 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($125,544 per ton), while the average price for exports to Saudi Arabia ($48,306 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk; Woven Fabrics of Noil Silk in the United States

In 2022, the amount of silk; woven fabrics of noil silks imported into the United States contracted markedly to 24 tons, declining by -35.1% against the previous year's figure. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 67%.

In value terms, imports of silk; woven fabrics of noil silks dropped rapidly to $2.8M in 2022. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year.

Import of Silk; Woven Fabrics of Noil Silk in the United States (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	1,262	530	630	1,016	-7.0%
India	1,459	1,326	2,237	881	-15.5%
China	881	365	546	746	-5.4%
Taiwan (Chinese)	N/A	6.6	N/A	26.1	98.9%
Others	100	194	141	90.3	-3.3%
Total	3,702	2,422	3,555	2,759	-9.3%

Top Suppliers of Silk; Woven Fabrics of Noil Silk to the United States in 2022:

China (10.4 tons)
India (9.1 tons)
Italy (3.5 tons)
Taiwan (Chinese) (0.8 tons)

Exports of Silk; Woven Fabrics of Noil Silk in the United States

In 2022, shipments abroad of silk; woven fabrics of noil silks was finally on the rise to reach 7.3 tons after two years of decline. In general, exports, however, showed a abrupt decline.

In value terms, exports of silk; woven fabrics of noil silks expanded rapidly to $405K in 2022. Overall, exports, however, showed a relatively flat trend pattern.

Export of Silk; Woven Fabrics of Noil Silk in the United States (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	9.2	59.4	120	123	137.3%
Colombia	N/A	11.5	8.0	37.2	79.9%
Aruba	N/A	N/A	N/A	33.6	0%
Switzerland	N/A	N/A	N/A	31.7	0%
Ireland	N/A	N/A	N/A	24.2	0%
Italy	N/A	73.1	23.0	23.6	-43.2%
Trinidad and Tobago	N/A	44.1	N/A	21.6	-30.0%
El Salvador	N/A	N/A	17.1	21.3	24.6%
Honduras	N/A	N/A	N/A	18.5	0%
India	28.4	51.6	N/A	13.7	-21.6%
Canada	56.3	25.8	44.4	11.1	-41.8%
France	17.0	N/A	4.8	8.4	-20.9%
Saudi Arabia	N/A	3.0	N/A	6.0	41.4%
Others	297	160	163	30.7	-53.1%
Total	408	429	380	405	-0.2%