United Kingdom: Silk-Worm Cocoons Market 2024

Silk-Worm Cocoons Market Size in the UK

In 2022, after two years of growth, there was significant decline in the UK silk-worm cocoons market, when its value decreased by -69.5% to $X. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Silk-Worm Cocoons Production in the UK

In value terms, silk-worm cocoons production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

In 2022, the average silk-worm cocoons yield in the UK stood at less than X kg per ha, approximately mirroring the previous year. 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, the silk-worm cocoons harvested area in the UK stood at less than X ha, approximately reflecting the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern.

Silk-Worm Cocoons Exports

Exports from the UK

Silk-worm cocoons exports from the UK skyrocketed to X tons in 2022, with an increase of 221% compared with 2021. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 462%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, silk-worm cocoons exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 1,693%. 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

France (X tons), the United States (X tons) and Ireland (X tons) were the main destinations of silk-worm cocoons exports from the UK, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +62.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk-worm cocoons exported from the UK were the United States ($X), Australia ($X) and Qatar ($X), together accounting for 60% of total exports.

Among the main countries of destination, Qatar, with a CAGR of +104.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average silk-worm cocoons export price amounted to $X per ton, waning by -25% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 641% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+259.9%), while the prices for the other major destinations experienced a decline.

Silk-Worm Cocoons Imports

Imports into the UK

In 2022, purchases abroad of silk-worm cocoons (reelable) decreased by -78.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 1,507%. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, silk-worm cocoons imports expanded to $X in 2022. Overall, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,184% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of silk-worm cocoons to the UK, accounting for a 89% share of total imports. Moreover, silk-worm cocoons imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +129.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.0% per year) and Italy (-14.9% per year).

In value terms, the United States ($X) constituted the largest supplier of silk-worm cocoons (reelable) to the UK, comprising 93% of total imports. The second position in the ranking was taken by Italy ($X), with a 3.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +71.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.2% per year) and China (-11.0% per year).

Import Prices by Country

In 2022, the average silk-worm cocoons import price amounted to $X per ton, picking up by 376% against the previous year. In general, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 567% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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