South-Eastern Asia: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in South-Eastern Asia

The Southeast Asian silk shawl and scarf market declined slightly to $X in 2022, approximately equating the previous year. Over the period under review, consumption posted a prominent expansion. The level of consumption peaked at $X in 2021, and then fell modestly in the following year.

Production of Silk Shawls And Scarves in South-Eastern Asia

In value terms, silk shawl and scarf production reduced to $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 37% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then reduced in the following year.

Exports of Silk Shawls And Scarves

Exports in South-Eastern Asia

In 2022, shipments abroad of silk shawls and scarves increased by 49% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a pronounced decrease. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports surged to $X in 2022. Over the period under review, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X units) and Singapore (X units) were the major exporters of silk shawls and scarves in 2022, resulting at approx. 43% and 33% of total exports, respectively. Myanmar (X units) ranks next in terms of the total exports with a 12% share, followed by Vietnam (5.3%) and Indonesia (4.5%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +85.4%), while the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) remains the largest silk shawl and scarf supplier in South-Eastern Asia, comprising 81% of total exports. The second position in the ranking was taken by Thailand ($X), with a 9.1% share of total exports. It was followed by Myanmar, with a 4% share.

In Singapore, silk shawl and scarf exports increased at an average annual rate of +14.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+5.9% per year) and Myanmar (+115.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, jumping by 43% against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 112%. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.4%), while the other leaders experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports in South-Eastern Asia

In 2022, imports of silk shawls and scarves in South-Eastern Asia skyrocketed to X units, jumping by 29% against 2021. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.8% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 42%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, silk shawl and scarf imports surged to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.0% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 56% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X units) and Malaysia (X units) represented the key importers of silk shawls and scarves in South-Eastern Asia, together resulting at approx. 66% of total imports. Brunei Darussalam (X units) ranks next in terms of the total imports with a 13% share, followed by the Philippines (7.1%) and Thailand (7.1%). Vietnam (X units) and Indonesia (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brunei Darussalam (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported silk shawls and scarves in South-Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports. It was followed by Malaysia, with a 15% share.

In Singapore, silk shawl and scarf imports increased at an average annual rate of +3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+5.0% per year) and Malaysia (+3.9% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the import price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by 60%. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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