World - Raw Silk (Not Thrown) - Market Analysis, Forecast, Size, Trends and Insights
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The global raw silk market is projected to increase in volume and value terms from 2022 to 2030, with forecasted growth rates. China, India, and Romania are identified as key consuming and producing countries, with trends in consumption, production, imports, and exports outlined. Import and export prices are also examined, showcasing significant differences among major trading partners.
Market Forecast
Driven by rising demand for raw silk worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 103K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market value to $4.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Raw Silk
In 2022, after six years of decline, there was significant growth in consumption of raw silk, when its volume increased by 5.3% to 95K tons. Overall, consumption, however, saw a deep slump. Over the period under review, global consumption reached the peak volume at 206K tons in 2015; however, from 2016 to 2022, consumption failed to regain momentum.
The global raw silk market value declined to $3.9B in 2022, reducing by -3.3% 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). In general, consumption, however, saw a abrupt contraction. Over the period under review, the global market reached the maximum level at $9.3B in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (46K tons), India (39K tons) and Romania (3.1K tons), with a combined 93% share of global consumption. Uzbekistan lagged somewhat behind, accounting for a further 1.7%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Uzbekistan (with a CAGR of +5.5%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($2.6B) led the market, alone. The second position in the ranking was held by India ($851M). It was followed by Romania.
In China, the raw silk market decreased by an average annual rate of -7.5% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: India (+0.5% per year) and Romania (+1.5% per year).
In 2022, the highest levels of raw silk per capita consumption was registered in Romania (161 kg per 1000 persons), followed by Uzbekistan (46 kg per 1000 persons), China (33 kg per 1000 persons) and India (27 kg per 1000 persons), while the world average per capita consumption of raw silk was estimated at 0.2 kg per 1000 persons.
In Romania, raw silk per capita consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+3.7% per year) and China (-9.3% per year).
Production
World Production of Raw Silk
In 2022, production of raw silk was finally on the rise to reach 94K tons after six years of decline. In general, production, however, showed a deep setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 20% against the previous year. Over the period under review, global production hit record highs at 206K tons in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure. The general negative trend in terms output was largely conditioned by a deep slump of the harvested area and a relatively flat trend pattern in yield figures.
In value terms, raw silk production declined to $3.7B in 2022 estimated in export price. Overall, production, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 27%. Global production peaked at $10.1B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (50K tons), India (35K tons) and Romania (2.1K tons), with a combined 93% share of global production. These countries were followed by Uzbekistan, which accounted for a further 2.2%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Uzbekistan (with a CAGR of +8.0%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Raw Silk
Global raw silk imports skyrocketed to 8.6K tons in 2022, growing by 56% on 2021. Overall, imports, however, showed a slight shrinkage. Over the period under review, global imports reached the maximum at 10K tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, raw silk imports surged to $464M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, global imports attained the peak figure at $476M in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports By Country
In 2022, India (3.9K tons) was the key importer of raw silk, constituting 45% of total imports. Romania (1,068 tons) ranks second in terms of the total imports with a 12% share, followed by China (11%), Vietnam (6.4%) and Italy (6.3%). The following importers - Iran (306 tons) and Japan (219 tons) - together made up 6.1% of total imports.
From 2012 to 2022, average annual rates of growth with regard to raw silk imports into India stood at -3.0%. At the same time, Iran (+13.9%), China (+13.1%) and Romania (+1.2%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the world, with a CAGR of +13.9% from 2012-2022. By contrast, Italy (-2.4%), Vietnam (-7.1%) and Japan (-9.7%) illustrated a downward trend over the same period. China (+8.1 p.p.), Romania (+3.3 p.p.) and Iran (+2.8 p.p.) significantly strengthened its position in terms of the global imports, while Japan, Vietnam and India saw its share reduced by -3.3%, -4.7% and -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($217M) constitutes the largest market for imported raw silk worldwide, comprising 47% of global imports. The second position in the ranking was held by Romania ($72M), with a 15% share of global imports. It was followed by Italy, with an 8.5% share.
From 2012 to 2022, the average annual growth rate of value in India was relatively modest. In the other countries, the average annual rates were as follows: Romania (+3.3% per year) and Italy (+0.1% per year).
Import Prices By Country
The average raw silk import price stood at $54,043 per ton in 2022, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 an increase of 16%. As a result, import price attained the peak level of $58,991 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($72,519 per ton), while China ($10,505 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+13.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Raw Silk
After two years of decline, overseas shipments of raw silk increased by 58% to 7.5K tons in 2022. Overall, exports, however, recorded a pronounced setback. The global exports peaked at 9.2K tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, raw silk exports surged to $456M in 2022. In general, exports showed a relatively flat trend pattern. Over the period under review, the global exports reached the maximum at $458M in 2017; however, from 2018 to 2022, the exports failed to regain momentum.
Exports By Country
In 2022, China (4.5K tons) was the major exporter of raw silk, creating 60% of total exports. Vietnam (1,554 tons) took a 21% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (5.7%) and Italy (4.6%). Slovenia (205 tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to raw silk exports from China stood at -5.1%. At the same time, Slovenia (+66.5%), Vietnam (+45.8%) and Italy (+1.2%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the world, with a CAGR of +66.5% from 2012-2022. By contrast, Uzbekistan (-7.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Uzbekistan and Slovenia increased by +20, +5.7 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($281M) remains the largest raw silk supplier worldwide, comprising 62% of global exports. The second position in the ranking was held by Vietnam ($96M), with a 21% share of global exports. It was followed by Italy, with a 5.2% share.
In China, raw silk exports contracted by an average annual rate of -2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+50.3% per year) and Italy (+3.5% per year).
Export Prices By Country
The average raw silk export price stood at $60,665 per ton in 2022, with an increase of 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $62,483 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
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 Slovenia ($73,428 per ton), while Uzbekistan ($46,718 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global raw silk market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1186 - Silk, Raw
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
From 2010 to 2020, global raw silk exports reduced sharply from 9.9K tons to 4.6K tons. In value terms, supplies shrank from $369M to $216M.
Global raw silk consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
In 2015, the country with the largest volume of the raw silk output was China (X thousand tons), accounting for X% of global production.
The global raw silk market showed a steady decline, falling from X thousand tons in 2008 to X thousand tons in 2014. However, the market value illustrated mixed dynamics over the period under review, due to constant fluctuations in producer pri
China seized control of the raw silk market. In 2014, China exported X thousand tons of raw silk totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its total raw silk exports in value