Silk-Worm Cocoons Market Overview in China
In value terms, silk-worm cocoons production reduced to $ in 2019 estimated in export prices. Over the period under review, the total production indicated pronounced growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2014 indices. The growth pace was the most rapid in 2018 with an increase of % against the previous year. As a result, production reached the peak level of $, and then declined in the following year.
The average yield of silk-worm cocoons (reelable) in China totaled kg per ha in 2019, almost unchanged from the previous year's figure. Over the period under review, the yield recorded 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 2019, the total area harvested in terms of silk-worm cocoons (reelable) production in China totaled ha, remaining stable against 2018 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.
The revenue of the silk-worm cocoons market in China fell to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. As a result, consumption attained the peak level of $, and then fell in the following year.