Silk Fabric Market Overview in Russia
In value terms, silk fabric production fell dramatically to $ in estimated in export prices. Overall, production posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by % y-o-y. As a result, production reached the peak level of $, and then fell significantly in the following year.
The value of the silk fabric market in Russia contracted to $ in , 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). Over the period under review, consumption saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. As a result, consumption reached the peak level of $, and then shrank in the following year.