Thailand: Raw Silk Market 2025

Raw Silk Market Size in Thailand

The Thai raw silk market declined modestly to $X in 2022, waning by -1.9% against the previous year. In general, consumption continues to indicate a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Raw Silk Production in Thailand

In value terms, raw silk production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2015 with an increase of 353% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average yield of raw silk in Thailand amounted to less than X kg per ha, remaining constant against the year before. Overall, the yield continues to indicate 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, the raw silk harvested area in Thailand was estimated at less than X ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Raw Silk Exports

Exports from Thailand

Raw silk exports from Thailand plummeted to X tons in 2022, declining by -47% compared with 2021 figures. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,618,000%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, raw silk exports reduced markedly to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 39,274,075%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for raw silk exports from Thailand, accounting for a 96% share of total exports. Moreover, raw silk exports to India exceeded the volume sent to the second major destination, Japan (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at -5.2%.

In value terms, India ($X) remains the key foreign market for raw silk exports from Thailand, comprising 95% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to -3.7%.

Export Prices by Country

In 2022, the average raw silk export price amounted to $X per ton, picking up by 8.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 1,400%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+61.9%), while the prices for the other major destinations experienced more modest paces of growth.

Raw Silk Imports

Imports into Thailand

In 2017, imports of raw silk into Thailand declined rapidly to X tons, which is down by -27% on the previous year. Over the period under review, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2015 with an increase of 22%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2017, imports failed to regain momentum.

In value terms, raw silk imports soared to $X in 2017. In general, imports faced a abrupt decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2017, imports stood at a somewhat lower figure.

Imports by Country

In 2017, Vietnam (X tons) was the main supplier of raw silk to Thailand, accounting for a 91% share of total imports. Moreover, raw silk imports from Vietnam exceeded the figures recorded by the second-largest supplier, South Korea (X kg), tenfold.

From 2012 to 2017, the average annual growth rate of volume from Vietnam amounted to -18.0%.

In value terms, the largest raw silk suppliers to Thailand were South Korea ($X) and Vietnam ($X).

In terms of the main suppliers, South Korea, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2017, the average raw silk import price amounted to $X per ton, with an increase of 105% against the previous year. Overall, the import price posted prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Vietnam amounted to $X per ton.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by China (+13.6%).

Source: IndexBox Platform

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