Asia-Pacific: Silk Yarn Market 2021

Silk Yarn Market Size in Asia-Pacific

The Asia-Pacific silk yarn market reduced slightly to $X in 2019, waning by -X% against the previous year. In general, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Silk Yarn Production in Asia-Pacific

In value terms, silk yarn production dropped to $X in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. The level of production peaked at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

Production By Country in Asia-Pacific

The country with the largest volume of silk yarn production was China (X tons), accounting for X% of total volume. Moreover, silk yarn production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was occupied by Japan (X tons), with a X% share.

In China, silk yarn production contracted by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+X% per year) and Japan (-X% per year).

Silk Yarn Exports

Exports in Asia-Pacific

After eight years of decline, shipments abroad of silk yarn increased by X% to X tons in 2019. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, silk yarn exports reduced to $X in 2019. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China was the main exporter of silk yarn in Asia-Pacific, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2019. It was distantly followed by Vietnam (X tons), achieving a X% share of total exports. Hong Kong SAR (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the silk yarn exports, with a CAGR of -X% from 2007 to 2019. Vietnam (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of China increased by +X% percentage points, while Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, silk yarn exports remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Vietnam (-X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2019, the silk yarn export price in Asia-Pacific amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, export prices reached the peak figure at $X per ton in 2018, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Vietnam ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports in Asia-Pacific

In 2019, imports of silk yarn in Asia-Pacific dropped to X tons, shrinking by -X% compared with the previous year's figure. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. The volume of import peaked at X tons in 2010; however, from 2011 to 2019, imports failed to regain the momentum.

In value terms, silk yarn imports declined sharply to $X in 2019. Over the period under review, imports showed a mild decline. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Japan (X tons) was the largest importer of silk yarn, generating X% of total imports. It was distantly followed by India (X tons), Pakistan (X tons), Vietnam (X tons) and South Korea (X tons), together making up a X% share of total imports. The following importers - Thailand (X tons) and Hong Kong SAR (X tons) - together made up X% of total imports.

Imports into Japan decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Vietnam (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2019. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Pakistan (-X%), Thailand (-X%), India (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Japan, Vietnam and Hong Kong SAR increased by +X%, +X% and +X% percentage points, while Thailand (-X p.p.), India (-X p.p.) and South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual growth rate of value in Japan was relatively modest. 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

The silk yarn import price in Asia-Pacific stood at $X per ton in 2019, reducing by -X% against the previous year. Import price indicated a perceptible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, silk yarn import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The level of import peaked at $X per ton in 2018, and then shrank in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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