Report Update Nov 1, 2024

Philippines - Silk Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Silk Yarn Market 2021

Silk Yarn Market Size in the Philippines

In 2019, the Philippine silk yarn market decreased by -X% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption recorded a slight increase. The growth pace was the most rapid in 2015 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in the Philippines

In value terms, silk yarn production fell to $X in 2019 estimated in export prices. In general, production enjoyed a perceptible expansion. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2019, production growth remained at a lower figure.

Silk Yarn Exports

Exports from the Philippines

In 2019, overseas shipments of silk yarn decreased by X% to X kg for the first time since 2016, thus ending a two-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. Exports peaked at X kg in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, silk yarn exports totaled $X in 2019. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X kg) was the main destination for silk yarn exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2016, the average annual rate of growth in terms of volume to the U.S. was relatively modest.

From 2007 to 2016, the average annual growth rate of value to the U.S. was relatively modest.

Export Prices by Country

In 2016, the average silk yarn export price amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2015, and then fell in the following year.

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

From 2007 to 2016, the rate of growth in terms of prices for the U.S. amounted to X% per year.

Silk Yarn Imports

Imports into the Philippines

For the third year in a row, the Philippines recorded decline in purchases abroad of silk yarn, which decreased by -X% to X kg in 2019. Overall, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked at X tons in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, silk yarn imports shrank sharply to $X in 2019. In general, imports showed a significant curtailment. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

China (X kg), Japan (X kg) and South Korea (X kg) were the main suppliers of silk yarn imports to the Philippines, with a combined X% share of total imports. These countries were followed by India and Hong Kong SAR, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of silk yarn to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Japan (-X% per year).

Import Prices by Country

In 2019, the average silk yarn import price amounted to $X per ton, declining by -X% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silk yarn in the world?

The countries with the highest volumes of silk yarn consumption in 2019 were China, the U.S. and India, with a combined 32% share of global consumption. Japan, Russia, Germany, Pakistan, Brazil, Bangladesh, the UK, Indonesia, Nigeria and Mexico lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of silk yarn in the world?

The countries with the highest volumes of silk yarn production in 2019 were China, the U.S. and India, together comprising 32% of global production. Japan, Russia, Germany, Brazil, Pakistan, Bangladesh, Nigeria, Indonesia, the UK and Mexico lagged somewhat behind, together comprising a further 25%.

What are the leading suppliers of silk yarn to the Philippines?

In value terms, China constituted the largest supplier of silk yarn to the Philippines, comprising 73% of total imports. The second position in the ranking was occupied by South Korea $294), with a 14% share of total imports. It was followed by Japan, with a 5.3% share.

What is the average export price for silk yarn in the Philippines?

In 2016, the average silk yarn export price amounted to $68,048 per ton, which is down by -6.1% against the previous year.

What is the average import price for silk yarn in the Philippines?

The average silk yarn import price stood at $13,340 per ton in 2019, declining by -44.6% against the previous year.

This report provides an in-depth analysis of the silk yarn market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023