South-Eastern Asia: Silk Yarn Market 2021

Silk Yarn Market Size in South-Eastern Asia

In 2019, the Southeast Asian silk yarn market decreased by -X% to $X, falling for the fourth year in a row after seven years of growth. In general, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. The level of consumption peaked at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Silk Yarn Production in South-Eastern Asia

In value terms, silk yarn production fell to $X in 2019 estimated in export prices. Overall, production showed a mild expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

Production By Country in South-Eastern Asia

The countries with the highest volumes of silk yarn production in 2019 were Indonesia (X tons), Vietnam (X tons) and Thailand (X tons), together comprising X% of total production. These countries were followed by Malaysia, the Philippines, Myanmar and Cambodia, which together accounted for a further X 2007 to 2019, the biggest increases were in Cambodia, while silk yarn production for the other leaders experienced a decline in the production figures.

Silk Yarn Exports

Exports in South-Eastern Asia

In 2019, approx. X tons of silk yarn were exported in South-Eastern Asia; dropping by -X% against 2018. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The volume of export peaked at X tons in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, silk yarn exports contracted remarkably to $X in 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Vietnam prevails in silk yarn exports structure, finishing at X tons, which was near X% of total exports in 2019. Thailand (X tons) held a relatively small share of total exports.

Exports from Vietnam decreased at an average annual rate of -X% from 2007 to 2019. Thailand experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual rate of growth in terms of value in Vietnam was relatively modest.

Export Prices by Country

The silk yarn export price in South-Eastern Asia stood at $X per ton in 2019, picking up by X% against the previous year. Overall, the export price continues to indicate measured growth. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while Thailand amounted to $X per ton.

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

Silk Yarn Imports

Imports in South-Eastern Asia

In 2019, after three years of growth, there was significant decline in purchases abroad of silk yarn, when their volume decreased by -X% to X tons. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, silk yarn imports dropped significantly to $X in 2019. In general, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

Vietnam was the main importer of silk yarn in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2019. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%). Singapore (X tons), Cambodia (X tons), Myanmar (X tons) and Malaysia (X tons) occupied a little share of total imports.

Imports into Vietnam increased at an average annual rate of +X% from 2007 to 2019. At the same time, Myanmar (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2007-2019. By contrast, Malaysia (-X%), Singapore (-X%), Thailand (-X%) and Cambodia (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.), Indonesia (+X p.p.) and Myanmar (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Cambodia (-X p.p.) and Thailand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual rate of growth in terms of value in Vietnam totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2019, the silk yarn import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Import price indicated measured growth 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. The level of import peaked at $X per ton in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Myanmar ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform

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