Silk Fabric Market Overview in South Korea
In value terms, silk fabric production dropped modestly to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth failed to regain the momentum.
The value of the silk fabric market in South Korea fell slightly to $ in , with a decrease of -% 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.