Peru: Silk Fabric Market 2025

Silk Fabric Market Size in Peru

The Peruvian silk fabric market rose slightly to $X in 2021, increasing by 2% against the previous year. Overall, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Silk Fabric Production in Peru

In value terms, silk fabric production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Silk Fabric Exports

Exports from Peru

For the ninth consecutive year, Peru recorded decline in shipments abroad of woven fabrics of silk or of silk waste, which decreased by -44% to X square meters in 2021. Over the period under review, exports faced a dramatic contraction. The smallest decline of -3.3% was in 2015. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silk fabric exports reduced markedly to $X in 2021. Overall, exports continue to indicate a precipitous descent. The smallest decline of -7.1% was in 2015. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X square meters) was the main destination for silk fabric exports from Peru, with a 70% share of total exports. Moreover, silk fabric exports to Argentina exceeded the volume sent to the second major destination, Belgium (X square meters), fivefold. Mexico (X square meters) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina totaled -28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.2% per year) and Mexico (-16.0% per year).

In value terms, the largest markets for silk fabric exported from Peru were Argentina ($X), Belgium ($X) and the United States ($X), together comprising 85% of total exports. Mexico, Angola, Canada and Bolivia lagged somewhat behind, together accounting for a further 4.5%.

Angola, with a CAGR of +259.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average silk fabric export price amounted to $X per square meter, picking up by 33% against the previous year. In general, the export price posted a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Bolivia ($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 (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Peru

In 2021, approx. X square meters of woven fabrics of silk or of silk waste were imported into Peru; with an increase of 583% compared with the previous year. Over the period under review, imports showed a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silk fabric imports surged to $X in 2021. Overall, imports enjoyed a slight expansion. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X square meters) constituted the largest silk fabric supplier to Peru, accounting for a 18% share of total imports. Moreover, silk fabric imports from Chile exceeded the figures recorded by the second-largest supplier, the UK (X square meters), sixfold. The third position in this ranking was held by Italy (X square meters), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+15.8% per year) and Italy (-3.2% per year).

In value terms, Italy ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Peru, comprising 36% of total imports. The second position in the ranking was held by India ($X), with a 5.2% share of total imports. It was followed by Spain, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.9% per year) and Spain (-15.1% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, falling by -47% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in 2020 an increase of 43%. As a result, import price reached the peak level of $X per square meter, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Chile ($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 India (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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