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World - Silk Yarn And Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
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The article analyzes the global market for silk yarn, predicting an upward consumption trend over the next eight years. It provides insights on key market performance indicators, such as expected growth in volume, value, and per capita consumption. The data highlights the shifts in consumption, production, imports, and exports of silk yarn and yarn spun from silk waste in various countries. Key findings include the highest consumption and production volumes in countries like India, Vietnam, and China, as well as insights on import and export dynamics. The article also delves into price trends, showcasing changes in average import and export prices over the past decade.
Market Forecast
Driven by rising demand for silk yarn worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 280K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $11.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Silk Yarn And Yarn Spun From Silk Waste
In 2022, consumption of silk yarn and yarn spun from silk waste decreased by -0.9% to 227K tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a mild descent. The most prominent rate of growth was recorded in 2020 with an increase of 9.7% against the previous year. Over the period under review, global consumption reached the peak volume at 255K tons in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
The global silk yarn market value contracted modestly to $7.8B in 2022, dropping by -2.6% 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). Overall, consumption saw a mild setback. Global consumption peaked at $9.6B 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 India (65K tons), Vietnam (46K tons) and China (35K tons), together accounting for 64% of global consumption.
From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +14.4%), while consumption for the other global leaders experienced mixed trends in the consumption figures.
In value terms, the largest silk yarn markets worldwide were Vietnam ($2.1B), China ($1.5B) and India ($1.4B), together comprising 64% of the global market.
Vietnam, with a CAGR of +13.0%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced mixed trends in the market figures.
In 2022, the highest levels of silk yarn per capita consumption was registered in Vietnam (460 kg per 1000 persons), followed by the United States (59 kg per 1000 persons), Germany (58 kg per 1000 persons) and India (46 kg per 1000 persons), while the world average per capita consumption of silk yarn was estimated at 29 kg per 1000 persons.
From 2012 to 2022, the average annual growth rate of the silk yarn per capita consumption in Vietnam amounted to +13.2%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (-2.6% per year) and Germany (-7.5% per year).
Production
World Production of Silk Yarn And Yarn Spun From Silk Waste
In 2022, after two years of growth, there was decline in production of silk yarn and yarn spun from silk waste, when its volume decreased by -1.1% to 227K tons. Over the period under review, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.3%. Over the period under review, global production reached the peak volume at 257K tons in 2012; however, from 2013 to 2022, production failed to regain momentum.
In value terms, silk yarn production reduced slightly to $7.7B in 2022 estimated in export price. Overall, production recorded a slight decline. The pace of growth appeared the most rapid in 2013 when the production volume increased by 7%. Over the period under review, global production reached the peak level at $9.6B 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 India (65K tons), Vietnam (46K tons) and China (38K tons), with a combined 66% share of global production.
From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +13.8%), while production for the other global leaders experienced mixed trends in the production figures.
Imports
World Imports of Silk Yarn And Yarn Spun From Silk Waste
In 2022, purchases abroad of silk yarn and yarn spun from silk waste increased by 24% to 6.6K tons, rising for the second consecutive year after six years of decline. Overall, imports, however, continue to indicate a noticeable slump. Over the period under review, global imports hit record highs at 11K tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, silk yarn imports skyrocketed to $313M in 2022. In general, imports, however, recorded a noticeable slump. Global imports peaked at $432M in 2014; however, from 2015 to 2022, imports failed to regain momentum.
Imports By Country
In 2022, Italy (1.6K tons), distantly followed by Japan (862 tons), Nigeria (697 tons), India (598 tons) and Pakistan (323 tons) represented the major importers of silk yarn and yarn spun from silk waste, together creating 63% of total imports. Nepal (277 tons), the United States (225 tons), France (164 tons), Romania (155 tons), Slovenia (129 tons) and Vietnam (106 tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovenia (with a CAGR of +96.8%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, Italy ($114M) constitutes the largest market for imported silk yarn and yarn spun from silk waste worldwide, comprising 36% of global imports. The second position in the ranking was taken by Japan ($51M), with a 16% share of global imports. It was followed by India, with a 7.9% share.
In Italy, silk yarn imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-4.0% per year) and India (+4.0% per year).
Imports By Type
In 2022, silk yarn (3.4K tons) was the major type of silk yarn and yarn spun from silk waste, comprising 52% of total imports. Yarn spun from silk waste (2.2K tons) ranks second in terms of the total imports with a 34% share, followed by silk yarn and yarn spun from silk waste, put up for retail sale (14%).
From 2012 to 2022, the biggest increases were recorded for silk yarn and yarn spun from silk waste, put up for retail sale (with a CAGR of +9.1%), while purchases for the other products experienced a decline in the imports figures.
In value terms, silk yarn ($214M) constitutes the largest type of silk yarn and yarn spun from silk waste imported worldwide, comprising 68% of global imports. The second position in the ranking was taken by yarn spun from silk waste ($88M), with a 28% share of global imports.
From 2012 to 2022, the average annual growth rate of the value of silk yarn imports stood at -3.6%. With regard to the other imported products, the following average annual rates of growth were recorded: yarn spun from silk waste (-0.4% per year) and silk yarn and yarn spun from silk waste, put up for retail sale (-2.3% per year).
Import Prices By Type
The average silk yarn import price stood at $47,733 per ton in 2022, picking up by 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $50,026 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 imported products. In 2022, the product with the highest price was silk yarn ($63,059 per ton), while the price for silk yarn and yarn spun from silk waste, put up for retail sale ($12,138 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by spun yarn (+7.2%), while the other products experienced mixed trends in the import price figures.
Import Prices By Country
The average silk yarn import price stood at $47,733 per ton in 2022, growing by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $50,026 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 Slovenia ($82,748 per ton), while Nigeria ($1,648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+5.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Silk Yarn And Yarn Spun From Silk Waste
In 2022, overseas shipments of silk yarn and yarn spun from silk waste increased by 14% to 6.5K tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. Over the period under review, the global exports hit record highs at 13K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
In value terms, silk yarn exports surged to $371M in 2022. Over the period under review, exports, however, showed a noticeable downturn. Over the period under review, the global exports attained the peak figure at $570M in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
In 2022, China (3.1K tons) represented the key exporter of silk yarn and yarn spun from silk waste, committing 48% of total exports. Romania (926 tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (9.7%), Italy (8.3%) and Brazil (5.1%). The following exporters - India (158 tons) and Portugal (130 tons) - each finished at a 4.4% share of total exports.
Exports from China decreased at an average annual rate of -8.7% from 2012 to 2022. At the same time, Portugal (+64.4%) and India (+1.1%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the world, with a CAGR of +64.4% from 2012-2022. Romania experienced a relatively flat trend pattern. By contrast, Italy (-1.3%), Vietnam (-2.6%) and Brazil (-2.6%) illustrated a downward trend over the same period. While the share of Romania (+7.2 p.p.), Italy (+3.7 p.p.), Vietnam (+3.6 p.p.), Portugal (+2 p.p.) and Brazil (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-10.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($160M) remains the largest silk yarn supplier worldwide, comprising 43% of global exports. The second position in the ranking was held by Romania ($70M), with a 19% share of global exports. It was followed by Italy, with an 11% share.
In China, silk yarn exports decreased by an average annual rate of -4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Romania (+2.0% per year) and Italy (-0.0% per year).
Exports By Type
In 2022, silk yarn (3.9K tons) represented the key type of silk yarn and yarn spun from silk waste, achieving 61% of total exports. It was distantly followed by yarn spun from silk waste (2.4K tons), comprising a 37% share of total exports. Silk yarn and yarn spun from silk waste, put up for retail sale (185 tons) took a little share of total exports.
From 2012 to 2022, the biggest increases were recorded for silk yarn (with a CAGR of -5.3%), while shipments for the other products experienced a decline in the exports figures.
In value terms, silk yarn ($258M) remains the largest type of silk yarn and yarn spun from silk waste supplied worldwide, comprising 70% of global exports. The second position in the ranking was held by yarn spun from silk waste ($106M), with a 29% share of global exports.
From 2012 to 2022, the average annual rate of growth in terms of the value of silk yarn exports stood at -2.8%. With regard to the other exported products, the following average annual rates of growth were recorded: yarn spun from silk waste (-3.1% per year) and silk yarn and yarn spun from silk waste, put up for retail sale (-7.2% per year).
Export Prices By Type
The average silk yarn export price stood at $56,794 per ton in 2022, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. The global export price peaked at $57,848 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the product type; the product with the highest price was silk yarn ($65,722 per ton), while the average price for exports of silk yarn and yarn spun from silk waste, put up for retail sale ($32,378 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by spun yarn (+6.5%), while the other products experienced mixed trends in the export price figures.
Export Prices By Country
The average silk yarn export price stood at $56,794 per ton in 2022, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2013 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $57,848 per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Romania ($75,979 per ton), while Portugal ($4,935 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.2%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global silk yarn 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:
- Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)
- Prodcom 13104030 - Yarn spun from silk waste, n.p.r.s.
- Prodcom 13104050 - Silk yarn and silk waste yarn, p.r.s., silk-worm gut
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
-
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
- 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
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
- 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
- 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
- Production, By Country, 2023
- Production, In Physical Terms, 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
This report provides an in-depth analysis of the global silk yarn market.
This report provides an in-depth analysis of the global silk yarn market.
In value terms, silk waste imports amounted to $X in 2016. Overall, silk waste imports continue to indicate a relatively flat trend pattern. Over the period under review, global silk waste imports a...
In value terms, silk yarn and yarn spun from silk waste imports totaled $X in 2016. Overall, silk yarn and yarn spun from silk waste imports continue to indicate a drastic drop. Over the period unde...
In value terms, silk waste exports totaled $X in 2016. Overall, silk waste exports continue to indicate a relatively flat trend pattern. Global silk waste export peaked of $X in 2014; however, fro...
In value terms, silk yarn and yarn spun from silk waste exports stood at $X in 2016. Overall, silk yarn and yarn spun from silk waste exports continue to indicate a drastic deduction. In that year,...
In 2016, the amount of silk yarn imported worldwide amounted to X tons, reducing by -X% against the previous year level. In general, silk yarn imports continue to indicate a deep downturn. The...
In 2016, the amount of silk yarn imported worldwide amounted to X tons, reducing by -X% against the previous year level. In general, silk yarn imports continue to indicate a deep downturn. The...