Silk Fabric Market Overview in the Philippines
The revenue of the silk fabric market in the Philippines skyrocketed 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). In general, consumption continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Silk fabric consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain the momentum.