Global Silk Fabric Market Overview
In value terms, silk fabric production amounted to $ in 2019 estimated in export prices. In general, production recorded a mild shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by % y-o-y. Global production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The countries with the highest volumes of silk fabric production in 2019 were Russia ( square meters), China ( square meters) and the U.S. ( square meters), with a combined % share of global production.
From 2007 to 2019, the biggest increases were in Russia, while silk fabric production for the other global leaders experienced more modest paces of growth.
The global silk fabric market value reached $ in 2019, 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). Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of % against the previous year. Over the period under review, the global market hit record highs in 2019 and is likely to continue growth in the immediate term.
From 2007 to 2019, the most notable rate of growth in terms of silk fabric consumption, amongst the key consuming countries, was attained by Ethiopia (+% per year), while silk fabric consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($), Russia ($) and the U.S. ($) constituted the countries with the highest levels of market value in 2019, with a combined % share of the global market. India, Pakistan, Belarus, South Korea, Canada, Indonesia, Nigeria and Ethiopia lagged somewhat behind, together comprising a further %.
Ethiopia (+% per year) saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while silk fabric market for the other global leaders experienced more modest paces of growth.
In 2019, the highest levels of silk fabric per capita consumption was registered in Belarus ( square meters per person), followed by Russia ( square meters per person), Canada ( square meters per person) and South Korea ( square meters per person), while the world average per capita consumption of silk fabric was estimated at square meters per person.
In Belarus, silk fabric per capita consumption expanded at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Russia (+% per year) and Canada (-% per year).