Asia-Pacific: Silk Yarn Market 2024

Silk Yarn Market Size in Asia-Pacific

The Asia-Pacific silk yarn market totaled $X in 2023, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Silk Yarn Production in Asia-Pacific

In value terms, silk yarn production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

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Silk Yarn Exports

Exports in Asia-Pacific

After two years of growth, overseas shipments of silk yarn and yarn spun from silk waste decreased by X% to X tons in 2023. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, silk yarn exports shrank slightly to $X in 2023. In general, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

China represented the largest exporter of silk yarn and yarn spun from silk waste in Asia-Pacific, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Vietnam (X tons), creating a X% share of total exports. The following exporters - India (X tons) and Thailand (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to silk yarn exports from China stood at X%. India experienced a relatively flat trend pattern. Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), India (X p.p.) and China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest silk yarn supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, silk yarn exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silk yarn export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports in Asia-Pacific

After two years of growth, overseas purchases of silk yarn and yarn spun from silk waste decreased by X% to X tons in 2023. Over the period under review, imports showed a abrupt decrease. The growth pace was the most rapid in 2022 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, silk yarn imports reduced to $X in 2023. Overall, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Japan (X tons), distantly followed by India (X tons), Nepal (X tons), Pakistan (X tons) and Vietnam (X tons) were the main importers of silk yarn and yarn spun from silk waste, together generating X% of total imports. Thailand (X tons), South Korea (X tons), Indonesia (X tons), Lao People's Democratic Republic (X tons), China (X tons) and Cambodia (X tons) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Import price indicated a tangible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silk yarn import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform