Japan: Silk Fabric Market 2024

Silk Fabric Market Size in Japan

In 2021, the Japanese silk fabric market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Fabric Production in Japan

In value terms, silk fabric production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. Silk fabric production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silk Fabric Exports

Exports from Japan

In 2021, overseas shipments of woven fabrics of silk or of silk waste decreased by -0.3% to X square meters, falling for the eighth year in a row after two years of growth. In general, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 1.5%. As a result, the exports attained the peak of X square meters. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, silk fabric exports declined slightly to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 1.3% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X square meters) was the main destination for silk fabric exports from Japan, with a 85% share of total exports. Moreover, silk fabric exports to Vietnam exceeded the volume sent to the second major destination, China (X square meters), more than tenfold. The third position in this ranking was taken by Myanmar (X square meters), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-14.7% per year) and Myanmar (+142.7% per year).

In value terms, Vietnam ($X) remains the key foreign market for woven fabrics of silk or of silk waste exports from Japan, comprising 77% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by the United States, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-14.4% per year) and the United States (+7.3% per year).

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2021, waning by -1.5% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 5.8% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Silk Fabric Imports

Imports into Japan

In 2021, purchases abroad of woven fabrics of silk or of silk waste was finally on the rise to reach X square meters after eight years of decline. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk fabric imports rose notably to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X square meters), China (X square meters) and Italy (X square meters) were the main suppliers of silk fabric imports to Japan, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +2.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest silk fabric suppliers to Japan were China ($X), Vietnam ($X) and Italy ($X), with a combined 93% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +5.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average silk fabric import price amounted to $X per square meter, with a decrease of -2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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