Silk Fabric Market Overview in China
In value terms, silk fabric production declined slightly to $ in estimated in export prices. Overall, production continues to indicate a mild contraction. The growth pace was the most rapid in 2015 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2016 to , production growth failed to regain the momentum.
The value of the silk fabric market in China shrank modestly to $ in , remaining stable 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). In general, consumption continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2016 to , the growth of the market remained at a lower figure.