Asia: Market for Silk Shawls And Scarves 2025

Market Size for Silk Shawls And Scarves in Asia

The Asian silk shawl and scarf market contracted slightly to $X in 2022, dropping by -4.8% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then shrank modestly in the following year.

Production of Silk Shawls And Scarves in Asia

In value terms, silk shawl and scarf production fell to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then contracted in the following year.

Exports of Silk Shawls And Scarves

Exports in Asia

In 2022, the amount of silk shawls and scarves exported in Asia soared to X units, growing by 45% against the previous year's figure. Over the period under review, exports, however, continue to indicate a noticeable reduction. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports skyrocketed to $X in 2022. Overall, exports, however, showed a perceptible slump. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X units) was the main exporter of silk shawls and scarves, committing 64% of total exports. It was distantly followed by India (X units), mixing up a 31% share of total exports. Turkey (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -3.0% from 2012 to 2022. At the same time, Turkey (+9.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +9.2% from 2012-2022. By contrast, India (-2.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +2.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022, with a combined 68% share of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of +10.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, shrinking by -10.3% against the previous year. In general, the export price saw a mild decline. 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 remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Silk Shawls And Scarves

Imports in Asia

In 2022, supplies from abroad of silk shawls and scarves increased by 67% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk shawl and scarf imports fell modestly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +48.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X units, which resulted at 35% of total imports. Japan (X units) held the second position in the ranking, followed by South Korea (X units), China (X units), Singapore (X units) and Malaysia (X units). All these countries together took near 43% share of total imports. Hong Kong SAR (X units), Yemen (X units) and Brunei Darussalam (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +6.0% from 2012 to 2022. At the same time, Brunei Darussalam (+18.8%), China (+7.5%), Singapore (+6.7%) and Yemen (+3.0%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in Asia, with a CAGR of +18.8% from 2012-2022. By contrast, South Korea (-1.4%), Japan (-1.9%), Malaysia (-4.1%) and Hong Kong SAR (-8.1%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+16 p.p.), China (+3.5 p.p.), Singapore (+3.1 p.p.) and Brunei Darussalam (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-2.1 p.p.), Japan (-2.5 p.p.) and Hong Kong SAR (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silk shawl and scarf importing markets in Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), together comprising 59% of total imports. Japan, Singapore, the United Arab Emirates, Malaysia, Brunei Darussalam and Yemen lagged somewhat behind, together comprising a further 26%.

Brunei Darussalam, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Asia amounted to $X per unit, shrinking by -41.4% against the previous year. Overall, the import price, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then dropped notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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