Price for Silk; Woven Fabrics of Noil Silk in South Korea - 2022
Contents:
- Price for Silk; Woven Fabrics of Noil Silk in South Korea (FOB) - 2022
- Price for Silk; Woven Fabrics of Noil Silk in South Korea (CIF) - 2022
- Exports of Silk; Woven Fabrics of Noil Silk in South Korea
- Imports of Silk; Woven Fabrics of Noil Silk in South Korea
Price for Silk; Woven Fabrics of Noil Silk in South Korea (FOB) - 2022
In 2022, the average export price for silk; woven fabrics of noil silks amounted to $69,742 per ton, with a decrease of -14.3% against the previous year. Overall, the export price saw a slight setback. The most prominent rate of growth was recorded in 2021 an increase of 58%. As a result, the export price reached the peak level of $81,413 per ton, and then declined in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($214,954 per ton), while the average price for exports to Hong Kong SAR ($25,574 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Silk; Woven Fabrics of Noil Silk in South Korea (CIF) - 2022
The average import price for silk; woven fabrics of noil silks stood at $72,975 per ton in 2022, falling by -15.5% against the previous year. Over the period under review, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 45%. Over the period under review, average import prices hit record highs at $97,402 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 India ($123,000 per ton), while the price for China ($26,893 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+39.0%), while the prices for the other major suppliers experienced a decline.
Exports of Silk; Woven Fabrics of Noil Silk in South Korea
In 2022, overseas shipments of silk; woven fabrics of noil silks decreased by -27.6% to 4.4 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 7.2%. As a result, the exports reached the peak of 12 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of silk; woven fabrics of noil silks contracted dramatically to $305K in 2022. In general, exports saw a precipitous slump. The smallest decline of -21.3% was in 2020.
| Export of Silk; Woven Fabrics of Noil Silk in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 216 | 262 | 135 | 159 | -9.7% |
| Italy | 12.3 | 3.1 | 19.3 | 51.4 | 61.1% |
| United Kingdom | 135 | 98.8 | 63.1 | 43.4 | -31.5% |
| Canada | 14.8 | 10.2 | 17.5 | 10.3 | -11.4% |
| Hong Kong SAR | 172 | 91.0 | 28.6 | 9.7 | -61.7% |
| Indonesia | N/A | 1.0 | 0.1 | 8.7 | 195.0% |
| United States | 44.9 | 42.8 | 77.2 | 7.6 | -44.7% |
| United Arab Emirates | 42.7 | N/A | N/A | 3.0 | -58.7% |
| Nigeria | 0.2 | 73.5 | N/A | N/A | 36650.0% |
| Vietnam | 59.9 | 10.2 | 132 | N/A | 48.4% |
| Kyrgyzstan | N/A | 20.2 | N/A | N/A | 0% |
| Others | 95.2 | 11.5 | 18.8 | 11.3 | -50.9% |
| Total | 793 | 624 | 491 | 305 | -27.3% |
Top Export Markets for Silk; Woven Fabrics of Noil Silk from South Korea in 2022:
- Singapore (2657.0 kg)
- Hong Kong SAR (380.0 kg)
- Indonesia (332.0 kg)
- United Kingdom (295.0 kg)
- Italy (239.0 kg)
- United Arab Emirates (117.0 kg)
- Canada (80.0 kg)
- United States (78.0 kg)
Imports of Silk; Woven Fabrics of Noil Silk in South Korea
In 2022, imports of silk; woven fabrics of noil silks into South Korea dropped notably to 754 kg, waning by -55.3% compared with 2021. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, imports reached the peak of 1.7 tons, and then shrank rapidly in the following year.
In value terms, imports of silk; woven fabrics of noil silks reduced notably to $55K in 2022. In general, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 137% against the previous year. As a result, imports attained the peak of $145K, and then reduced remarkably in the following year.
| Import of Silk; Woven Fabrics of Noil Silk in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.2 | N/A | N/A | 34.0 | 454.0% |
| United States | 35.5 | 36.1 | 67.5 | 8.3 | -38.4% |
| Italy | 6.4 | 10.1 | 46.0 | 6.6 | 1.0% |
| Japan | 10.9 | 2.6 | 0.7 | 4.2 | -27.2% |
| India | 2.0 | 2.7 | 27.9 | 0.9 | -23.4% |
| China | 62.5 | 0.4 | 3.0 | 0.8 | -76.6% |
| Pakistan | N/A | 8.2 | N/A | N/A | 0% |
| Others | 4.1 | 1.3 | 0.3 | 0.2 | -63.5% |
| Total | 122 | 61.4 | 145 | 55.0 | -23.3% |
Top Suppliers of Silk; Woven Fabrics of Noil Silk to South Korea in 2022:
- United Kingdom (410.0 kg)
- United States (144.0 kg)
- Italy (85.0 kg)
- Japan (75.0 kg)
- China (28.0 kg)
- India (7.0 kg)
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