Asia-Pacific: Raw Silk Market 2025

Raw Silk Market Size in Asia-Pacific

The Asia-Pacific raw silk market shrank to $X in 2022, waning by -7.4% against the previous year. Overall, consumption showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Raw Silk Production in Asia-Pacific

In value terms, raw silk production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when the production volume increased by 27%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were China (X tons) and India (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by India (with a CAGR of +4.5%).

Raw Silk Exports

Exports in Asia-Pacific

In 2022, overseas shipments of raw silk increased by 67% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a pronounced setback. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, raw silk exports skyrocketed to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of about X tons, which finished at 76% of total exports. It was distantly followed by Vietnam (X tons), constituting a 20% share of total exports. Malaysia (X 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, Vietnam (+55.3%) and Malaysia (+28.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +55.3% from 2012-2022. While the share of Vietnam (+20 p.p.) and Malaysia (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-21.5 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest raw silk supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total exports.

In China, raw silk exports plunged by an average annual rate of -2.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+56.1% per year) and Malaysia (+33.5% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 an increase of 17%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the other leaders experienced more modest paces of growth.

Raw Silk Imports

Imports in Asia-Pacific

In 2022, the amount of raw silk imported in Asia-Pacific surged to X tons, rising by 74% compared with the year before. In general, imports, however, continue to indicate a perceptible descent. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, raw silk imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the major importer of raw silk, committing 68% of total imports. It was distantly followed by China (X tons), generating a 20% share of total imports. The following importers - Vietnam (X tons) and Japan (X tons) - each finished at an 8.3% share 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, China (+15.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +15.4% from 2012-2022. By contrast, Japan (-9.7%) and Vietnam (-10.8%) illustrated a downward trend over the same period. While the share of China (+16 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-4.1 p.p.) and Vietnam (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported raw silk in Asia-Pacific, comprising 80% of total imports. The second position in the ranking was held by Japan ($X), with a 5.6% share of total imports. It was followed by Vietnam, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value in India was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-7.8% per year) and Vietnam (-9.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of 3.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :