Raw Silk Market in Malaysia
Market Overview
In 
, the Malaysian raw silk market was finally on the rise to reach $ for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw strong growth. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.
, the Malaysian raw silk market was finally on the rise to reach $ for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw strong growth. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.Consumption
In , consumption of raw silk was finally on the rise to reach tons for the first time since 2018, thus ending a three-year declining trend. In general, consumption saw a buoyant increase. Raw silk consumption peaked at tons in 2014; however, from 2015 to , consumption remained at a lower figure.
The revenue of the raw silk market in Malaysia totaled $ in , surging by % 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). Over the period under review, consumption showed a buoyant increase. Raw silk consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.
, consumption of raw silk was finally on the rise to reach tons for the first time since 2018, thus ending a three-year declining trend. In general, consumption saw a buoyant increase. Raw silk consumption peaked at tons in 2014; however, from 2015 to , consumption remained at a lower figure.The revenue of the raw silk market in Malaysia totaled $
in , surging by % 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). Over the period under review, consumption showed a buoyant increase. Raw silk consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for raw silk in Malaysia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Malaysia increased significantly over the last fifteen years (from % to %). Total import supply of raw silk is expected to rise, though it will be moderately impacted by price increases. Raw silk market in Malaysia remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% to %). Total import supply of raw silk is expected to rise, though it will be moderately impacted by price increases. Raw silk market in Malaysia remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Malaysia remains a net importer of raw silk; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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