Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China - 2024
Contents:
- Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China (CIF) - 2024
- Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China (FOB) - 2024
- Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China
- Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China
Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China (CIF) - 2024
The average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $9,682 per ton in December 2023, shrinking by -3.1% against the previous month. Overall, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 16% against the previous month. The import price peaked at $10,802 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($11,232 per ton), while the price for Democratic People's Republic of Korea ($3,943 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China (FOB) - 2024
The average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $39,048 per ton in December 2023, increasing by 27% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in April 2023 an increase of 45% m-o-m. As a result, the export price reached the peak level of $47,209 per ton. From May 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was the United States ($88,471 per ton), while the average price for exports to the UK ($24,206 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China
In 2022, overseas purchases of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s decreased by -32.3% to 5.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, imports reached the peak of 7.7K tons, and then shrank significantly in the following year.
In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s dropped sharply to $42M in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 135% against the previous year. As a result, imports attained the peak of $57M, and then declined sharply in the following year.
| Import of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.8 | 14.3 | 27.3 | 17.1 | 16.6% |
| Uzbekistan | 2.8 | 5.3 | 19.9 | 15.6 | 77.3% |
| Democratic People's Republic of Korea | N/A | N/A | 1.0 | 3.3 | 230.0% |
| Vietnam | 2.0 | 2.4 | 2.7 | 2.6 | 9.1% |
| Turkmenistan | 0.3 | 0.2 | 0.8 | 1.1 | 54.2% |
| Brazil | 0.9 | 0.9 | 0.7 | 0.9 | 0.0% |
| Thailand | 0.8 | 0.5 | 0.9 | 0.4 | -20.6% |
| Others | 0.8 | 0.6 | 3.3 | 1.1 | 11.2% |
| Total | 18.6 | 24.1 | 56.6 | 42.2 | 31.4% |
Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to China in 2022:
- India (1858.3 tons)
- Uzbekistan (1716.9 tons)
- Democratic People's Republic of Korea (778.4 tons)
- Vietnam (439.6 tons)
- Turkmenistan (143.3 tons)
- Brazil (99.7 tons)
- Thailand (96.0 tons)
Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China
In 2022, approx. 1.2K tons of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s were exported from China; falling by -6% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of 1.3K tons, and then contracted in the following year.
In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s expanded sharply to $38M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.1 | 8.9 | 11.9 | 13.0 | 22.3% |
| Italy | 11.6 | 7.6 | 11.6 | 12.9 | 3.6% |
| Japan | 1.7 | 1.5 | 3.0 | 3.1 | 22.2% |
| Peru | 1.1 | 1.4 | 1.3 | 2.5 | 31.5% |
| Pakistan | N/A | 0.1 | N/A | 1.3 | 260.6% |
| United Kingdom | 0.9 | 0.7 | 2.0 | 1.3 | 13.0% |
| India | 1.8 | 0.7 | 0.4 | 1.2 | -12.6% |
| South Korea | 3.0 | 1.0 | 0.6 | 0.4 | -48.9% |
| Others | 3.9 | 0.8 | 2.5 | 2.4 | -14.9% |
| Total | 31.2 | 22.7 | 33.3 | 37.9 | 6.7% |
Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from China in 2022:
- Germany (372.8 tons)
- Italy (339.8 tons)
- Japan (109.9 tons)
- Pakistan (106.1 tons)
- United Kingdom (84.7 tons)
- Peru (48.1 tons)
- India (34.6 tons)
- South Korea (26.4 tons)
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