China: Raw Silk Market 2025

Raw Silk Market Size in China

The Chinese raw silk market declined to $X in 2022, with a decrease of -10.4% against the previous year. Overall, consumption continues to indicate a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Raw Silk Production in China

In value terms, raw silk production contracted to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Raw silk production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of raw silk in China totaled less than X kg per ha in 2022, approximately equating the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of raw silk were harvested in China; remaining relatively unchanged against the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.

Raw Silk Exports

Exports from China

After six years of decline, shipments abroad of raw silk increased by 143% to X tons in 2022. Overall, exports, however, showed a abrupt descent. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, raw silk exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible decline. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for raw silk exports from China, with a 46% share of total exports. Moreover, raw silk exports to India exceeded the volume sent to the second major destination, Romania (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+0.1% per year) and Vietnam (-2.0% per year).

In value terms, India ($X) remains the key foreign market for raw silk exports from China, comprising 43% of total exports. The second position in the ranking was held by Romania ($X), with an 18% share of total exports. It was followed by Vietnam, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to India stood at -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+3.3% per year) and Vietnam (+0.2% per year).

Export Prices by Country

The average raw silk export price stood at $X per ton in 2022, with an increase of 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Japan ($X per ton), while the average price for exports to India ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Raw Silk Imports

Imports into China

In 2022, the amount of raw silk imported into China surged to X tons, increasing by 106% against 2021. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 477% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, raw silk imports skyrocketed to $X in 2022. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 468%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Uzbekistan (X tons) constituted the largest raw silk supplier to China, with a 4.8% share of total imports. Moreover, raw silk imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Uzbekistan amounted to +9.6%.

In value terms, Uzbekistan ($X) constituted the largest supplier of raw silk to China, comprising 7% of total imports. The second position in the ranking was held by Vietnam ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Uzbekistan totaled +22.1%.

Import Prices by Country

The average raw silk import price stood at $X per ton in 2022, declining by -10.3% against the previous year. In general, the import price, however, recorded slight growth. The growth pace was the most rapid in 2019 when the average import price increased by 56%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Uzbekistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+515.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :