Asia: Silk-Worm Cocoons Market 2024

Silk-Worm Cocoons Market Size in Asia

In 2022, the Asian silk-worm cocoons market decreased by X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption continues to indicate a perceptible downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Silk-Worm Cocoons Production in Asia

In value terms, silk-worm cocoons production dropped modestly to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The country with the largest volume of silk-worm cocoons production was India (X tons), accounting for X% of total volume. Moreover, silk-worm cocoons production in India exceeded the figures recorded by the second-largest producer, China (X tons), threefold. The third position in this ranking was held by Uzbekistan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%. The remaining producing countries recorded the following average annual rates of production growth: China (X% per year) and Uzbekistan (X% per year).

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Silk-Worm Cocoons Exports

Exports in Asia

In 2022, approx. X tons of silk-worm cocoons (reelable) were exported in Asia; declining by X% compared with the year before. Over the period under review, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, silk-worm cocoons exports shrank remarkably to $X in 2022. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Myanmar was the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Kazakhstan (X tons) and China (X tons), together committing a X% share of total exports. Turkey (X tons), Azerbaijan (X tons) and Afghanistan (X tons) took a minor share of total exports.

Myanmar was also the fastest-growing in terms of the silk-worm cocoons (reelable) exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Kazakhstan (X%) and China (X%) displayed positive paces of growth. By contrast, Afghanistan (X%), Turkey (X%) and Azerbaijan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, the United Arab Emirates, Kazakhstan and Azerbaijan increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) emerged as the largest silk-worm cocoons supplier in Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Kazakhstan, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Myanmar stood at X%. In the other countries, the average annual rates were as follows: China (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Silk-Worm Cocoons Imports

Imports in Asia

For the fourth year in a row, Asia recorded growth in purchases abroad of silk-worm cocoons (reelable), which increased by X% to X tons in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, silk-worm cocoons imports skyrocketed to $X in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) represented the key importer of silk-worm cocoons (reelable), achieving X% of total imports. Vietnam (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%) and Kazakhstan (X%).

From 2012 to 2022, average annual rates of growth with regard to silk-worm cocoons imports into China stood at X%. At the same time, Vietnam (X%), Kazakhstan (X%) and Iran (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.), Vietnam (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported silk-worm cocoons (reelable) in Asia, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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