Silk Fabric Market Overview in Cyprus
The value of the silk fabric market in Cyprus reduced sharply to $ in 2019, which is down 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). In general, consumption saw a deep setback. The growth pace was the most rapid in 2015 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.