Asia: Raw Silk Market 2025

Raw Silk Market Size in Asia

The Asian raw silk market dropped to $X in 2022, which is down by -7.2% against the previous year. Over the period under review, consumption recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Raw Silk Production in Asia

In value terms, raw silk production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Uzbekistan (X tons), with a combined 97% share of total production.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +8.0%), while production for the other leaders experienced mixed trends in the production figures.

Raw Silk Exports

Exports in Asia

In 2022, after four years of decline, there was significant growth in shipments abroad of raw silk, when their volume increased by 58% to X tons. Overall, exports, however, saw a perceptible contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, raw silk exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the largest exporter of raw silk, mixing up 71% of total exports. It was distantly followed by Vietnam (X tons) and Uzbekistan (X tons), together comprising a 25% share of total exports. Malaysia (X tons) took a little share of total exports.

Exports from China decreased at an average annual rate of -5.1% from 2012 to 2022. 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, with a CAGR of +55.3% from 2012-2022. By contrast, Uzbekistan (-7.9%) illustrated a downward trend over the same period. Vietnam (+18 p.p.), Uzbekistan (+6.7 p.p.) and Malaysia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -26.8% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest raw silk supplier in Asia, comprising 76% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total exports. It was followed by Uzbekistan, with a 5.5% share.

In China, raw silk exports declined by an average annual rate of -2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+56.1% per year) and Uzbekistan (-2.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 when the export price increased by 17% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Malaysia ($X per ton), while Vietnam ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.3%), while the other leaders experienced more modest paces of growth.

Raw Silk Imports

Imports in Asia

In 2022, raw silk imports in Asia skyrocketed to X tons, jumping by 69% on the year before. Overall, imports, however, continue to indicate a pronounced decrease. The volume of import peaked 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. In general, imports, however, saw a pronounced downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India was the main importing country with an import of around X tons, which accounted for 65% of total imports. It was distantly followed by China (X tons), committing a 19% share of total imports. Vietnam (X tons), Japan (X tons) and Iran (X tons) followed a long way behind the leaders.

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%) and Iran (+8.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, 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. China (+15 p.p.) and Iran (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while India, Japan and Vietnam saw its share reduced by -2.9%, -4.2% and -6% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported raw silk in Asia, comprising 77% of total imports. The second position in the ranking was held by Japan ($X), with a 5.3% share of total imports. It was followed by Vietnam, with a 5.2% share.

In India, raw silk imports remained relatively stable over the period from 2012-2022. 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 stood at $X per ton in 2022, with an increase of 3.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat 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 Iran (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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