China: Silk-Worm Cocoons Market 2022

Silk-Worm Cocoons Market Size in China

After five years of growth, the Chinese silk-worm cocoons market decreased by -X% to $X in 2021. Over the period under review, consumption, however, enjoyed a resilient increase. Over the period under review, the market attained the peak level at $X in 2020, and then declined slightly in the following year.

Silk-Worm Cocoons Production in China

In value terms, silk-worm cocoons production fell to $X in 2021 estimated in export prices. Overall, production showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped modestly in the following year.

In 2021, the average silk-worm cocoons yield in China totaled less than X kg per ha, approximately reflecting the year before. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of silk-worm cocoons (reelable) in China stood at less than X ha, approximately mirroring 2020. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Silk-Worm Cocoons Exports

Exports from China

In 2021, overseas shipments of silk-worm cocoons (reelable) were finally on the rise to reach X tonnes after six years of decline. Over the period under review, exports, however, faced a sharp decline. The exports peaked at X tonnes in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, silk-worm cocoons exports soared to $X in 2021. Overall, exports, however, recorded a abrupt downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for silk-worm cocoons exports from China, accounting for a X% share of total exports. Moreover, silk-worm cocoons exports to the UK exceeded the volume sent to the second major destination, Japan (X tonnes), threefold. The third position in this ranking was occupied by Poland (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Poland (-X% per year).

In value terms, the UK ($X) emerged as the key foreign market for silk-worm cocoons exports from China, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Poland (+X% per year).

Export Prices by Country

The average silk-worm cocoons export price stood at $X per tonne in 2021, which is down by -X% against the previous year. In general, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. The export price peaked at $X per tonne in 2020, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Poland ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk-Worm Cocoons Imports

Imports into China

In 2021, purchases abroad of silk-worm cocoons (reelable) decreased by -X% to X tonnes for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a slight decline. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2020, and then reduced dramatically in the following year.

In value terms, silk-worm cocoons imports shrank significantly to $X in 2021. Over the period under review, imports recorded modest growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2021, Turkey (X tonnes) constituted the largest silk-worm cocoons supplier to China, accounting for a X% share of total imports. Moreover, silk-worm cocoons imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tonnes), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Azerbaijan (X% per year).

In value terms, Turkey ($X), India ($X) and Azerbaijan ($X) were the largest silk-worm cocoons suppliers to China.

Among the main suppliers, Azerbaijan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average silk-worm cocoons import price stood at $X per tonne in 2021, falling by -X% against the previous year. Over the period under review, the import price, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform