Sudan: Silk Fabric Market 2023

Silk Fabric Market Size in Sudan

The Sudanese silk fabric market expanded notably to $X in 2021, rising by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a dramatic slump. Silk fabric consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Silk Fabric Exports

Exports from Sudan

In 2014, approx. X square meters of woven fabrics of silk or of silk waste were exported from Sudan; approximately equating the year before. Overall, exports showed a relatively flat trend pattern. The exports peaked in 2014 and are expected to retain growth in the immediate term.

In value terms, silk fabric exports amounted to $X in 2014. In general, exports recorded a relatively flat trend pattern. The exports peaked in 2014 and are expected to retain growth in the near future.

Exports by Country

From 2014 to 2018, the average annual growth rate of volume to No country was relatively modest.

From 2014 to 2018, the average annual growth rate of value to No country was relatively modest.

Silk Fabric Imports

Imports into Sudan

Silk fabric imports into Sudan surged to X square meters in 2021, growing by 45% compared with 2020 figures. Overall, imports, however, faced a sharp downturn. The growth pace was the most rapid in 2019 when imports increased by 73% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silk fabric imports dropped remarkably to $X in 2021. In general, imports, however, showed a sharp decline. The growth pace was the most rapid in 2019 when imports increased by 193%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X square meters), Egypt (X square meters) and the UK (X square meters) were the main suppliers of silk fabric imports to Sudan, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Sudan, comprising 58% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 26% share of total imports. It was followed by the UK, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-5.9% per year) and the UK (-2.7% per year).

Import Prices by Country

In 2021, the average silk fabric import price amounted to $X per square meter, with a decrease of -44.3% against the previous year. Over the period under review, the import price, however, recorded a measured expansion. The pace of growth was the most pronounced in 2020 an increase of 134% against the previous year. As a result, import price reached the peak level of $X per square meter, and then fell dramatically in the following year.

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 India ($X per square meter), while the price for Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+47.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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