Global Silk Fabric Market 2024

Silk Fabric Market Size

The global silk fabric market dropped to $X in 2022, standing approx. at the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Silk Fabric Production

In value terms, silk fabric production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Silk Fabric Exports

Exports

Global silk fabric exports surged to X square meters in 2022, growing by X% compared with the year before. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the global exports hit record highs at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports surged to $X in 2022. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, reaching X square meters, which was near X% of total exports in 2022. It was distantly followed by Italy (X square meters), the United Arab Emirates (X square meters) and South Africa (X square meters), together making up a X% share of total exports. Japan (X square meters), India (X square meters), South Korea (X square meters), Uzbekistan (X square meters) and France (X square meters) held a little share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. South Africa experienced a relatively flat trend pattern. By contrast, Japan (X%), Italy (X%), France (X%), South Korea (X%) and India (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), South Africa (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest silk fabric supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Italy ($X), with a X% share of global exports. It was followed by India, with a X% share.

In China, silk fabric exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (X% per year) and India (X% per year).

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the average export prices failed to regain momentum.

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 France ($X per square meter), while South Africa ($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 other global leaders experienced more modest paces of growth.

Silk Fabric Imports

Imports

In 2022, approx. X square meters of woven fabrics of silk or of silk waste were imported worldwide; rising by X% against the previous year's figure. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X square meters. From 2021 to 2022, the growth of global imports remained at a lower figure.

In value terms, silk fabric imports expanded markedly to $X in 2022. Overall, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X square meters) was the key importer of woven fabrics of silk or of silk waste, mixing up X% of total imports. It was distantly followed by Kyrgyzstan (X square meters), constituting a X% share of total imports. Myanmar (X square meters), Italy (X square meters), Senegal (X square meters), Angola (X square meters) and Oman (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silk fabric imports into Nigeria stood at X%. At the same time, Myanmar (X%), Kyrgyzstan (X%), Senegal (X%) and Angola (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) and Italy (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Kyrgyzstan (X p.p.), Myanmar (X p.p.), Senegal (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the global imports, while Oman and Italy saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Italy ($X) constitutes the largest market for imported woven fabrics of silk or of silk waste worldwide, comprising X% of global imports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of global imports. It was followed by Nigeria, with a X% share.

In Italy, silk fabric imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Nigeria (X% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2022, shrinking by X% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per square meter), while Senegal (less than $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 Italy (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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