China: Silk-Worm Cocoons Market 2022

Silk-Worm Cocoons Market Size in China

In 2021, the Chinese silk-worm cocoons market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption enjoyed strong growth. Over the period under review, the market attained the peak level at $X in 2020, and then dropped slightly in the following year.

Silk-Worm Cocoons Production in China

In value terms, silk-worm cocoons production fell modestly to $X in 2021 estimated in export price. Overall, production saw a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Silk-worm cocoons production peaked at $X in 2020, and then contracted modestly in the following year.

In 2021, the average yield of silk-worm cocoons (reelable) in China was estimated at less than X kg per ha, therefore, remained relatively stable against the previous year. In general, the yield showed 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 total area harvested in terms of silk-worm cocoons (reelable) production in China totaled less than X ha, remaining stable against 2020. In general, 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 tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silk-worm cocoons exports skyrocketed to $X in 2021. Overall, exports, however, faced a deep setback. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Japan (X tons) and South Korea (X kg) were the main destinations of silk-worm cocoons exports from China, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +X%), while shipments for the other leaders experienced a decline.

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and South Korea (-X% per year).

Export Prices by Country

In 2021, the average silk-worm cocoons export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

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

Silk-Worm Cocoons Imports

Imports into China

Silk-worm cocoons imports into China skyrocketed to X tons in 2021, rising by X% compared with 2020. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, silk-worm cocoons imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of silk-worm cocoons to China, accounting for a X% share of total imports. Moreover, silk-worm cocoons imports from Brazil exceeded the figures recorded by the second-largest supplier, Tajikistan (X tons), threefold. Myanmar (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of silk-worm cocoons to China, comprising X% of total imports. The second position in the ranking was held by Tajikistan ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tajikistan (X% per year) and Myanmar (+X% per year).

Import Prices by Country

In 2021, the average silk-worm cocoons import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Myanmar ($X per ton), while the price for Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform