Report Republic of Korea - Silk Yarn and Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 1, 2023

Republic of Korea - Silk Yarn and Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Silk Yarn Market 2023

Silk Yarn Market Size in Republic of Korea

In 2021, the South Korean silk yarn market was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Silk Yarn Production in Republic of Korea

In value terms, silk yarn production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. Silk yarn production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Republic of Korea

In 2021, after three years of growth, there was significant decline in overseas shipments of silk yarn and yarn spun from silk waste, when their volume decreased by -45.6% to X tons. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 163%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silk yarn exports declined rapidly to $X in 2021. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 292%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons) was the main destination for silk yarn exports from South Korea, accounting for a 81% share of total exports. Moreover, silk yarn exports to Pakistan exceeded the volume sent to the second major destination, China (X kg), more than tenfold. The third position in this ranking was taken by the Philippines (X kg), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Pakistan amounted to +55.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-27.3% per year) and the Philippines (-30.2% per year).

In value terms, Pakistan ($X) remains the key foreign market for silk yarn and yarn spun from silk waste exports from South Korea, comprising 55% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by the Philippines, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Pakistan totaled +76.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-28.4% per year) and the Philippines (-29.6% per year).

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2021, picking up by 7.8% against the previous year. In general, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 150% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 Pakistan (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Republic of Korea

In 2021, overseas purchases of silk yarn and yarn spun from silk waste increased by 22% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, imports, however, faced a abrupt decrease. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silk yarn imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and Italy (X tons) were the main suppliers of silk yarn imports to South Korea, together comprising 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +23.2%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Vietnam ($X) and Italy ($X) appeared to be the largest silk yarn suppliers to South Korea, together accounting for 93% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +29.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, increasing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for silk yarn and yarn spun from silk waste in the world?
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The countries with the highest volumes of consumption in 2021 were India, China and Vietnam, together accounting for 65% of global consumption.
What are the largest producers of silk yarn and yarn spun from silk waste in the world?
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The countries with the highest volumes of production in 2021 were India, China and Vietnam, together accounting for 66% of global production.
What are the leading suppliers of silk yarn and yarn spun from silk waste to Republic of Korea?
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In value terms, the largest silk yarn suppliers to South Korea were China, Vietnam and Italy, together comprising 93% of total imports.
What are the leading importers of silk yarn and yarn spun from silk waste from Republic of Korea?
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In value terms, Pakistan remains the key foreign market for silk yarn and yarn spun from silk waste exports from South Korea, comprising 55% of total exports. The second position in the ranking was taken by China, with an 11% share of total exports. It was followed by the Philippines, with a 5.6% share.
What is the average export price for silk yarn and yarn spun from silk waste in Republic of Korea?
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The average silk yarn export price stood at $40,201 per ton in 2021, picking up by 7.8% against the previous year.
What is the average import price for silk yarn and yarn spun from silk waste in Republic of Korea?
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The average silk yarn import price stood at $62,748 per ton in 2021, surging by 12% against the previous year.

This report provides an in-depth analysis of the silk yarn market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)
• Prodcom 13104030 - Yarn spun from silk waste, n.p.r.s.
• Prodcom 13104050 - Silk yarn and silk waste yarn, p.r.s., silk-worm gut
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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