Eastern Asia: Silk Yarn Market 2021

Silk Yarn Market Size in Eastern Asia

The East Asian silk yarn market dropped to $X in 2019, waning by -X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Silk Yarn Production in Eastern Asia

In value terms, silk yarn production shrank to $X in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Production By Country in Eastern Asia

The country with the largest volume of silk yarn production was China (X tons), accounting for X% of total volume. Moreover, silk yarn production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), fivefold. South Korea (X tons) ranked third in terms of total production with a X% share.

In China, silk yarn production contracted by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Japan (-X% per year) and South Korea (-X% per year).

Silk Yarn Exports

Exports in Eastern Asia

In 2019, after two years of decline, there was significant growth in shipments abroad of silk yarn, when their volume increased by X% to X tons. Overall, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. As a result, exports reached the peak of X tons. From 2010 to 2019, the growth exports remained at a lower figure.

In value terms, silk yarn exports reached $X in 2019. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

China dominates silk yarn exports structure, reaching X tons, which was approx. X% of total exports in 2019. Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the silk yarn exports, with a CAGR of -X% from 2007 to 2019. Hong Kong SAR (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, China ($X) remains the largest silk yarn supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

In China, silk yarn exports remained relatively stable over the period from 2007-2019.

Export Prices by Country

In 2019, the silk yarn export price in Eastern Asia amounted to $X per ton, reducing by -X% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2011 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018, and then contracted in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was China ($X per ton), while Hong Kong SAR stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Silk Yarn Imports

Imports in Eastern Asia

In 2019, overseas purchases of silk yarn decreased by -X% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. From 2015 to 2019, the growth imports failed to regain the momentum.

In value terms, silk yarn imports dropped to $X in 2019. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Japan dominates silk yarn imports structure, finishing at X tons, which was near X% of total imports in 2019. South Korea (X tons) took the second position in the ranking, followed by Hong Kong SAR (X tons). All these countries together held near X% share of total imports. The following importers - China (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2007 to 2019, average annual rates of growth with regard to silk yarn imports into Japan stood at -X%. At the same time, Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2019. Hong Kong SAR and China experienced a relatively flat trend pattern. By contrast, South Korea (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), Taiwan (Chinese) (+X p.p.), Hong Kong SAR (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Japan ($X) constitutes the largest market for imported silk yarn in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In Japan, silk yarn imports remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

In 2019, the silk yarn import price in Eastern Asia amounted to $X per ton, dropping by -X% against the previous year. Import price indicated a buoyant increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, silk yarn import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The level of import peaked at $X per ton in 2018, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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