Silk Fabric Market Overview in India
In value terms, silk fabric production expanded significantly to $ in estimated in export prices. Over the period under review, production, however, saw a mild descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2016 to , production growth remained at a lower figure.
The revenue of the silk fabric market in India totaled $ in , picking up 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, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2016 to , the growth of the market remained at a somewhat lower figure.