Philippines: Silk-Worm Cocoons Market 2025

Silk-Worm Cocoons Market Size in the Philippines

The Philippine silk-worm cocoons market skyrocketed to $X in 2022, with an increase of 110% against the previous year. Over the period under review, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Silk-Worm Cocoons Production in the Philippines

In value terms, silk-worm cocoons production stood at $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Silk-worm cocoons production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of silk-worm cocoons (reelable) in the Philippines was estimated at less than X kg per ha in 2022, remaining stable against the year before. Over the period under review, the yield showed 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 silk-worm cocoons (reelable) were harvested in the Philippines; approximately equating the year before. In general, the harvested area showed a relatively flat trend pattern.

Silk-Worm Cocoons Exports

Exports from the Philippines

In 2022, overseas shipments of silk-worm cocoons (reelable) decreased by -93.3% to X kg, falling for the fourth consecutive year after seven years of growth. Overall, exports saw a significant contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 169% against the previous year. As a result, the exports reached the peak of X kg. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, silk-worm cocoons exports shrank remarkably to $X in 2022. Over the period under review, exports faced a significant decrease. The pace of growth was the most pronounced in 2018 with an increase of 239% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for silk-worm cocoons exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -37.9%.

In value terms, the United States ($X) emerged as the key foreign market for silk-worm cocoons (reelable) exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -32.2%.

Export Prices by Country

In 2022, the average silk-worm cocoons export price amounted to $X per ton, shrinking by -39.8% against the previous year. Overall, the export price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 67%. As a result, the export price reached the peak level of $X per ton, and then contracted notably in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +9.1% per year.

Silk-Worm Cocoons Imports

Imports into the Philippines

In 2022, imports of silk-worm cocoons (reelable) into the Philippines skyrocketed to X kg, rising by 542% against the previous year. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 when imports increased by 9,311% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, silk-worm cocoons imports skyrocketed to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 15,704% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X kg) constituted the largest supplier of silk-worm cocoons to the Philippines, with a 79% share of total imports. Moreover, silk-worm cocoons imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X kg), sevenfold. The United States (X kg) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+56.5% per year) and the United States (-8.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of silk-worm cocoons (reelable) to the Philippines, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by the United States, with a 21% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+53.7% per year) and the United States (+15.0% per year).

Import Prices by Country

The average silk-worm cocoons import price stood at $X per ton in 2022, reducing by -76.7% against the previous year. In general, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 150%. The import price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

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 ($X per ton), while the price for Malaysia ($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 (+25.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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