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Report Sri Lanka - Silk Yarn and Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Sri Lanka - Silk Yarn and Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Silk Yarn Market 2025

Silk Yarn Market Size in Sri Lanka

In 2021, after five years of decline, there was significant growth in the Sri Lankan silk yarn market, when its value increased by 14% to $X. In general, consumption, however, continues to indicate a abrupt contraction. 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 Yarn Production in Sri Lanka

In value terms, silk yarn production expanded notably to $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Sri Lanka

For the sixth consecutive year, Sri Lanka recorded growth in overseas shipments of silk yarn and yarn spun from silk waste, which increased by 100% to X kg in 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 200% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, silk yarn exports dropped markedly to $X in 2021. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 260% against the previous year. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Maldives (X kg) was the main destination for silk yarn exports from Sri Lanka, accounting for a 90% share of total exports. Moreover, silk yarn exports to Maldives exceeded the volume sent to the second major destination, Germany (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Maldives amounted to +22.7%.

In value terms, Maldives ($X) emerged as the key foreign market for silk yarn and yarn spun from silk waste exports from Sri Lanka, comprising 91% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Maldives amounted to +6.3%.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2021, shrinking by -64% against the previous year. Overall, the export price recorded a deep setback. The growth pace was the most rapid in 2020 an increase of 135%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-13.3%).

Silk Yarn Imports

Imports into Sri Lanka

In 2021, silk yarn imports into Sri Lanka soared to X tons, growing by 373% against the previous year's figure. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silk yarn imports soared to $X in 2021. Over the period under review, imports continue to indicate slight growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of silk yarn to Sri Lanka, accounting for a 98% share of total imports. It was followed by Hong Kong SAR (X kg), with a 1.6% share of total imports. Taiwan (Chinese) (X kg) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +72.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-26.3% per year) and Taiwan (Chinese) (-24.7% per year).

In value terms, China ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Sri Lanka, comprising 94% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 3.9% share of total imports. It was followed by Taiwan (Chinese), with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +43.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-26.0% per year) and Taiwan (Chinese) (-26.9% per year).

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, shrinking by -18.6% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 53%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of silk yarn consumption in 2020 were India, Vietnam and China, together accounting for 62% of global consumption.
The countries with the highest volumes of silk yarn production in 2020 were India, Vietnam and China, with a combined 63% share of global production.
In value terms, India constituted the largest supplier of silk yarn to Sri Lanka, comprising 73% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with a 23% share of total imports.
In 2020, the average silk yarn export price amounted to $44,982 per ton, leveling off at the previous year.
The average silk yarn import price stood at $70,805 per ton in 2020, jumping by 164% against the previous year.

This report provides an in-depth analysis of the silk yarn market in Sri Lanka. 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 2030.

Product coverage:

  • Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)
  • Prodcom 13104030 - Yarn spun from silk waste, n.p.r.s.
  • Prodcom 13104050 - Silk yarn and silk waste yarn, p.r.s., silk-worm gut

Country coverage:

  • Sri Lanka

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Sri Lanka
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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