Eastern Asia: Silk Fabric Market 2024

Silk Fabric Market Size in Eastern Asia

The East Asian silk fabric market reduced to $X in 2022, shrinking by X% against the previous year. The total consumption indicated tangible growth 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, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Silk Fabric Production in Eastern Asia

In value terms, silk fabric production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Silk Fabric Exports

Exports in Eastern Asia

In 2022, approx. X square meters of woven fabrics of silk or of silk waste were exported in Eastern Asia; jumping by X% on the year before. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, silk fabric exports rose markedly to $X in 2022. Overall, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, recording X square meters, which was near X% of total exports in 2022. It was distantly followed by Japan (X square meters), mixing up a X% share of total exports. South Korea (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silk fabric exports from China stood at X%. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Japan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, reducing by X% against the previous year. In general, the export price recorded a slight decline. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while Japan ($X per square meter) 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 a decline in the export price figures.

Silk Fabric Imports

Imports in Eastern Asia

In 2022, imports of woven fabrics of silk or of silk waste in Eastern Asia shrank sharply to X square meters, waning by X% on the previous year. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silk fabric imports fell significantly to $X in 2022. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X square meters), South Korea (X square meters) and China (X square meters) represented roughly X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X square meters), mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per square meter, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per square meter) and Japan ($X per square meter), while China ($X per square meter) and Hong Kong SAR ($X per square meter) were amongst the lowest.

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

Source: IndexBox Platform

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