India: Silk Fabric Market 2024

Silk Fabric Market Size in India

The Indian silk fabric market stood at $X in 2022, approximately equating the previous year. Overall, consumption saw a remarkable increase. Silk fabric consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Silk Fabric Production in India

In value terms, silk fabric production reduced to $X in 2022 estimated in export price. In general, production, however, saw a prominent increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Silk fabric production peaked at $X in 2019; afterwards, it flattened through to 2022.

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Silk Fabric Exports

Exports from India

In 2022, exports of woven fabrics of silk or of silk waste from India expanded to X square meters, growing by X% compared with 2021 figures. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silk fabric exports declined to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X square meters), the United States (X square meters) and the UK (X square meters) were the main destinations of silk fabric exports from India, together accounting for X% of total exports. Singapore, France, Italy, Germany, Oman, Canada and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for silk fabric exported from India were the United Arab Emirates ($X), the United States ($X) and the UK ($X), together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2022, declining by X% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price 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. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per square meter in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per square meter), while the average price for exports to Oman ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Silk Fabric Imports

Imports into India

In 2022, purchases abroad of woven fabrics of silk or of silk waste increased by X% to X square meters, rising for the second year in a row after three years of decline. Overall, imports, however, showed a abrupt curtailment. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silk fabric imports soared to $X in 2022. In general, imports, however, saw a abrupt curtailment. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest silk fabric supplier to India, with a X% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X square meters), fivefold. Vietnam (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to India, comprising X% of total imports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per square meter), while the price for the United Arab Emirates ($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 the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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