Price for Silk; Woven Fabrics of Noil Silk in Myanmar - 2023

Contents:

  1. Price for Silk; Woven Fabrics of Noil Silk in Myanmar (CIF) - 2022
  2. Imports of Silk; Woven Fabrics of Noil Silk in Myanmar

Price for Silk; Woven Fabrics of Noil Silk in Myanmar (CIF) - 2022

The average import price for silk; woven fabrics of noil silks stood at $7,538 per ton in 2022, picking up by 19% against the previous year. Over the period under review, the import price showed a resilient increase. The growth pace was the most rapid in 2013 an increase of 92% against the previous year. The import price peaked at $14,944 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($9,840 per ton), while the price for Thailand ($1,677 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Silk; Woven Fabrics of Noil Silk in Myanmar

In 2022, purchases abroad of silk; woven fabrics of noil silks was finally on the rise to reach 2.3 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt setback.

In value terms, imports of silk; woven fabrics of noil silks surged to $17K in 2022. Overall, imports, however, continue to indicate a deep slump.

Import of Silk; Woven Fabrics of Noil Silk in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia8.44.2N/A9.64.6%
China20.61.6N/A7.1-29.9%
Thailand0.20.1N/A0.1-20.6%
Others3.9N/AN/A0.4-53.2%
Total33.25.8N/A17.1-19.8%

Top Suppliers of Silk; Woven Fabrics of Noil Silk to Myanmar in 2022:

  1. China (1254.0 kg)
  2. Indonesia (979.0 kg)
  3. Thailand (31.0 kg)

Source: IndexBox Market Intelligence Platform

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