Silk Yarn Market

Silk yarn market: get access to new datasets empowered by an Ai-driven business intelligence platform. Information provide companies, consumption, trade, production, market prices, imports, exports, and market size. Here is a breakdown by country, including EU, the Middle East, Latin America, Africa, the U.K., China, Russia, and the U.S. Market dynamics and outlook to 2030 are also provided in the dashboards.

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Silk Yarn - World's Largest Markets

In value terms, Vietnam, China and India appeared to be the countries with the highest levels of market value in 2020, together accounting for 62% of the global market. Germany, the UK, the United States, Mexico, Indonesia and Brazil lagged somewhat behind, together accounting for a further 16%.

Among the main consuming countries, Mexico recorded the highest rates of growth with regard to market size, over the period under review, while silk yarn market for the other global leaders experienced more modest paces of growth.

Silk Yarn Prices

Silk Yarn - Top Importers

In value terms, Italy ($64M), Japan ($34M) and Madagascar ($11M) were the countries with the highest levels of imports in 2020, together comprising 53% of global imports. Romania, Slovenia, India, France, the United States, Germany, Hong Kong SAR, Pakistan, Nepal and Indonesia lagged somewhat behind, together accounting for a further 29%.

Slovenia (+151.8% per year) saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Silk Yarn - Top Exporters

In value terms, China ($99M) remains the largest silk yarn supplier worldwide, comprising 40% of global exports. The second position in the ranking was occupied by Romania ($44M), with a 18% share of global exports. It was followed by Italy, with a 11% share.

In China, silk yarn exports shrank by an average annual rate of -23.0% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (-25.3% per year) and Italy (-14.4% per year).

Silk Yarn - Market Forecast

Driven by increasing demand for silk yarn worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Silk Yarn - Top Companies

Beijing Jing-Ao Wool Co., Ltd., Yingde Jiaxing Shoe Materials Co., Ltd., TORAY INDUSTRIES,INC., INDORAMA VENTURES PUBLIC COMPANY LIMITED, Shandong Weiqiao Pioneering Group Co., Ltd., Maoming Lvyuan Food Co., Ltd., Shandong Ruyi Technology Group Co., Ltd., JIANGSU GUO TAI INTERNATIONAL GROUP GUO MAO CO., LTD., KOLON INDUSTRIES, INC., WEIQIAO TEXTILE CO., LTD., FUTURIS AUSTRALIA PTY LIMITED, Huafu Fashion Co., Ltd., Shanghai Shenda Co., Ltd., SOCIETE SOFRIP DE RECYCLAGE DE TEXTILE, Parkdale, Incorporated, ALOK INDUSTRIES LIMITED, UNITIKA LTD., HUVIS Corporation, SHINKONG SYNTHETIC FIBERS CORP., PHILIP MORRIS MANUFACTURING & TECHNOLOGY BOLOGNA S.P.A

Silk Yarn - Product Coverage

• HS 5004 - Silk; yarn (other than yarn spun from silk waste), not put up for retail sale
• HS 5005 - Yarn spun from silk waste, not put up for retail sale
• HS 5006 - Silk yarn and yarn spun from silk waste, put up for retail sale; silk-worm gut

Source: IndexBox Market Intelligence Platform