Eastern Asia: Silk Yarn Market 2025

Silk Yarn Market Size in Eastern Asia

After four years of decline, the East Asian silk yarn market increased by 4.4% to $X in 2021. Overall, consumption, however, showed a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in Eastern Asia

In value terms, silk yarn production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Silk Yarn Exports

Exports in Eastern Asia

In 2021, exports of silk yarn and yarn spun from silk waste in Eastern Asia skyrocketed to X tons, with an increase of 20% against the previous year. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silk yarn exports surged to $X in 2021. In general, exports, however, showed a deep downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, amounting to X tons, which was near 97% of total exports in 2021. 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 and yarn spun from silk waste exports, with a CAGR of -11.3% from 2012 to 2021. Hong Kong SAR (-19.8%) illustrated a downward trend over the same period. China (+4 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -2.4% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest silk yarn supplier in Eastern Asia, comprising 96% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -7.8%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2016 when the export price increased by 22%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.9%).

Silk Yarn Imports

Imports in Eastern Asia

In 2021, overseas purchases of silk yarn and yarn spun from silk waste were finally on the rise to reach X tons after six years of decline. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 13%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silk yarn imports expanded rapidly to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan dominates imports structure, resulting at X tons, which was approx. 79% of total imports in 2021. Hong Kong SAR (X tons) held the second position in the ranking, followed by South Korea (X tons). All these countries together took approx. 16% share of total imports. The following importers - China (X tons) and Taiwan (Chinese) (X tons) - together made up 4.6% of total imports.

Japan was also the fastest-growing in terms of the silk yarn and yarn spun from silk waste imports, with a CAGR of -8.3% from 2012 to 2021. Taiwan (Chinese) (-11.1%), South Korea (-12.8%), China (-14.7%) and Hong Kong SAR (-18.6%) illustrated a downward trend over the same period. While the share of Japan (+16 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-1.7 p.p.), South Korea (-2 p.p.) and Hong Kong SAR (-11.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in Eastern Asia, comprising 78% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.5% share of total imports. It was followed by Hong Kong SAR, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to -7.6%. In the other countries, the average annual rates were as follows: South Korea (-11.1% per year) and Hong Kong SAR (-18.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 3.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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