Southern Asia: Silk Fabric Market 2024

Silk Fabric Market Size in Southern Asia

The South Asian silk fabric market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a prominent expansion. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Silk Fabric Production in Southern Asia

In value terms, silk fabric production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Silk Fabric Exports

Exports in Southern Asia

In 2022, approx. X square meters of woven fabrics of silk or of silk waste were exported in Southern Asia; increasing by X% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. 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 shrank to $X in 2022. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, recording X square meters, which was near X% of total exports in 2022. Pakistan (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 India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Pakistan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest silk fabric supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per square meter, dropping by X% against the previous year. Export price indicated a perceptible 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 pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per square meter in 2021, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per square meter), while Pakistan stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Silk Fabric Imports

Imports in Southern Asia

In 2022, supplies from abroad of woven fabrics of silk or of silk waste increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, silk fabric imports soared to $X in 2022. In general, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan (X square meters), Sri Lanka (X square meters) and India (X square meters) represented roughly X% of total imports in 2022. The following importers - Pakistan (X square meters) and Maldives (X square meters) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), India ($X) and Afghanistan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Pakistan and Maldives lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Maldives, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per square meter in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of import peaked at $X per square meter in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per square meter), while Afghanistan ($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 Pakistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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