Asia-Pacific: Market for Silk Shawls And Scarves 2025

Market Size for Silk Shawls And Scarves in Asia-Pacific

The Asia-Pacific silk shawl and scarf market declined to $X in 2022, dropping by -10.6% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.3% against 2020 indices. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Production of Silk Shawls And Scarves in Asia-Pacific

In value terms, silk shawl and scarf production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by 16%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Silk Shawls And Scarves

Exports in Asia-Pacific

In 2022, approx. X units of silk shawls and scarves were exported in Asia-Pacific; with an increase of 48% against 2021 figures. Overall, exports, however, recorded a noticeable shrinkage. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk shawl and scarf exports surged to $X in 2022. In general, exports, however, showed a noticeable slump. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) represented the largest exporter of silk shawls and scarves, achieving 65% of total exports. It was distantly followed by India (X units), creating a 32% share of total exports.

Exports from China decreased at an average annual rate of -3.0% from 2012 to 2022. India (-2.0%) illustrated a downward trend over the same period. India (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silk shawl and scarf supplying countries in Asia-Pacific were China ($X) and India ($X).

In terms of the main exporting countries, China, with a CAGR of -5.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, waning by -10.3% against the previous year. In general, the export price saw a slight curtailment. The pace of growth was the most pronounced in 2018 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.4%).

Imports of Silk Shawls And Scarves

Imports in Asia-Pacific

In 2022, purchases abroad of silk shawls and scarves increased by 25% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silk shawl and scarf imports dropped slightly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Japan (X units) and South Korea (X units) were the largest importers of silk shawls and scarves in Asia-Pacific, together recording approx. 43% of total imports. China (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (11%), Malaysia (7.9%) and Hong Kong SAR (5.6%). The following importers - Brunei Darussalam (X units), Australia (X units), India (X units), the Philippines (X units), Thailand (X units), Taiwan (Chinese) (X units) and Pakistan (X units) - together made up 17% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silk shawl and scarf importing markets in Asia-Pacific were China ($X), Hong Kong SAR ($X) and South Korea ($X), together comprising 64% of total imports. Japan, Singapore, Taiwan (Chinese), Australia, India, Thailand, Malaysia, the Philippines, Brunei Darussalam and Pakistan lagged somewhat behind, together comprising a further 34%.

Pakistan, with a CAGR of +30.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, which is down by -21.9% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the import price increased by 33% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then reduced dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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