Silk Fabric Market Overview in Thailand
In value terms, silk fabric production skyrocketed to $ in estimated in export prices. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by % year-to-year. Silk fabric production peaked at $ in 2017; however, from 2018 to , production remained at a lower figure.
The size of the silk fabric market in Thailand rose significantly to $ 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 recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption remained at a lower figure.