Vietnam - Raw Silk (Not Thrown) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Vietnam - Raw Silk (Not Thrown) - Market Analysis, Forecast, Size, Trends and Insights

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Raw Silk Price in Vietnam - 2021

Contents:

  1. Raw Silk Price in Vietnam (FOB) - 2022
  2. Raw Silk Price in Vietnam (CIF) - 2022
  3. Raw Silk Exports in Vietnam
  4. Raw Silk Imports in Vietnam

Raw Silk Price in Vietnam (FOB) - 2022

In 2022, the average raw silk export price amounted to $46,297 per ton, declining by -10.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 35%. Over the period under review, the average export prices reached the peak figure at $64,418 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($55,105 per ton), while the average price for exports to France ($46,277 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 Japan (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Raw Silk Price in Vietnam (CIF) - 2022

In 2022, the average raw silk import price amounted to $57,297 per ton, surging by 3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 39% against the previous year. As a result, import price attained the peak level of $68,278 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($59,518 per ton) and China ($59,116 per ton), while the price for Uzbekistan ($53,882 per ton) and India ($53,886 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Raw Silk Exports in Vietnam

In 2022, overseas shipments of raw silk decreased by -12.8% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of 1.4K tons, and then shrank in the following year.

In value terms, raw silk exports fell dramatically to $55M in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 79%. As a result, the exports attained the peak of $71M, and then reduced rapidly in the following year.

Export of Raw Silk in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India54.037.667.354.10.1%
France0.60.71.20.914.5%
Others0.71.52.60.4-17.0%
Total55.339.871.055.40.1%

Top Export Markets for Raw Silk from Vietnam in 2022:

  1. India (1168.9 tons)
  2. France (20.1 tons)

Raw Silk Imports in Vietnam

In 2022, approx. 252 tons of raw silk were imported into Vietnam; declining by -9% compared with 2021 figures. In general, imports saw a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 22%.

In value terms, raw silk imports fell to $14M in 2022. Over the period under review, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 14%.

Import of Raw Silk in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China22.58.15.26.9-32.6%
Uzbekistan3.91.57.74.76.4%
Brazil8.43.80.92.5-33.2%
IndiaN/AN/A0.30.2-33.3%
United Arab Emirates0.2N/A0.7N/A87.1%
Others0.70.10.40.2-34.1%
Total35.713.515.414.4-26.1%

Top Suppliers of Raw Silk to Vietnam in 2022:

  1. China (116.0 tons)
  2. Uzbekistan (87.1 tons)
  3. Brazil (42.0 tons)
  4. India (3.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the raw silk market in Vietnam. 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:

  • FCL 1186 - Silk, Raw

Country coverage:

  • Vietnam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Vietnam
  • 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. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. 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, HARVESTED AREA AND YIELD
  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. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
Store
Blog
Event
Global Raw Silk Trade Dropped 40% Over Last Decade
Feb 10, 2022
Eye 726

From 2010 to 2020, global raw silk exports reduced sharply from 9.9K tons to 4.6K tons. In value terms, supplies shrank from $369M to $216M. 

Which Country Consumes the Most Raw Silk in the World?
Feb 9, 2018
Eye 2301

Global raw silk consumption amounted to X thousand tons in 2015, approximately equating the previous year level.

Which Country Produces the Most Raw Silk in the World?
Nov 21, 2017
Eye 3671

In 2015, the country with the largest volume of the raw silk output was China (X thousand tons), accounting for X% of global production.

Silk Market - Global Raw Silk Market Steadily Declines
Jan 28, 2016
Eye 2816

The global raw silk market showed a steady decline, falling from X thousand tons in 2008 to X thousand tons in 2014. However, the market value illustrated mixed dynamics over the period under review, due to constant fluctuations in producer pri

China Remains the Global Leader in Raw Silk Exports despite 9% Drop in 2014
Oct 14, 2015
Eye 1583

China seized control of the raw silk market. In 2014, China exported X thousand tons of raw silk totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its total raw silk exports in value

Which Country Exports the Most Raw Silk in the World?
May 28, 2018
Eye 937

In 2016, approx. X tons of raw silk were imported worldwide- surging by X% against the previous year level. Overall, raw silk imports continue to indicate a abrupt setback. The growth pace was the...

Which Country Imports the Most Raw Silk in the World?
Jan 25, 2018
Eye 6542

In 2016, approx. X tons of raw silk were imported worldwide- surging by X% against the previous year level. Overall, raw silk imports continue to indicate a abrupt setback. The growth pace was the...

China Has a Strong Foothold on Global Raw Silk Exports, with $340M in 2014
Jul 9, 2015
Eye 1085

Despite displaying some negative dynamics, China continued its dominance in the global raw silk (not thrown) trade. In 2014, China exported X tons of raw silk (not thrown) totaling X million USD, X% under the previous year. Its primary trading

Global Raw Silk Trade Dropped 40% Over Last Decade
Feb 10, 2022
Eye 726

From 2010 to 2020, global raw silk exports reduced sharply from 9.9K tons to 4.6K tons. In value terms, supplies shrank from $369M to $216M. 

Which Country Consumes the Most Raw Silk in the World?
Feb 9, 2018
Eye 2301

Global raw silk consumption amounted to X thousand tons in 2015, approximately equating the previous year level.

Free Data: Raw Silk - Vietnam