Canada: Raw Silk Market 2025

Raw Silk Market Size in Canada

In 2022, the Canadian raw silk market decreased by -68.7% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption continues to indicate a pronounced slump. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped sharply in the following year.

Raw Silk Exports

Exports from Canada

In 2022, the amount of raw silk exported from Canada shrank rapidly to X kg, reducing by -30.9% against the previous year's figure. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 44%. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, raw silk exports fell markedly to $X in 2022. Over the period under review, exports faced a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 12%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

United States Minor Outlying Islands (X kg) was the main destination for raw silk exports from Canada, with a 87% share of total exports. Moreover, raw silk exports to United States Minor Outlying Islands exceeded the volume sent to the second major destination, the United States (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to United States Minor Outlying Islands was relatively modest.

In value terms, United States Minor Outlying Islands ($X) and the United States ($X) appeared to be the largest markets for raw silk exported from Canada worldwide.

Among the main countries of destination, United States Minor Outlying Islands, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average raw silk export price amounted to $X per ton, reducing by -17% against the previous year. Over the period under review, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 58% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to United States Minor Outlying Islands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.2%).

Raw Silk Imports

Imports into Canada

In 2022, supplies from abroad of raw silk decreased by -59.4% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 185% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, raw silk imports dropped markedly to $X in 2022. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 191%. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest raw silk supplier to Canada, accounting for a 60% share of total imports. Moreover, raw silk imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. The third position in this ranking was taken by Italy (X kg), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.8% per year) and Italy (-4.0% per year).

In value terms, China ($X) constituted the largest supplier of raw silk to Canada, comprising 55% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports. It was followed by Italy, with a 21% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.8% per year) and Italy (-6.2% per year).

Import Prices by Country

The average raw silk import price stood at $X per ton in 2022, dropping by -26% against the previous year. In general, the import price recorded a pronounced setback. The growth pace was the most rapid in 2021 when the average import price increased by 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :