Silk Fabric Market Overview in Belarus
In value terms, silk fabric production expanded remarkably to $ in estimated in export prices. Overall, production saw temperate growth. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production remained at a lower figure.
The size of the silk fabric market in Belarus amounted to $ in , rising 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 posted a resilient increase. The most prominent rate of growth was recorded in 2013 when the market value increased by % year-to-year. Silk fabric consumption peaked in and is expected to retain growth in years to come.