In recent years, overall silk consumption trend in international market is more optimistic, keeping with the world economic development trend.
Though international oil price turmoil has hit the industries, it has not affected overall economic growth. The world economy has maintained steady growth and demand for silk has not been left behind.
In recent years, China's silk exports have showed a stable growth, despite exports declining last year due to high prices.
The 2007 Spring Fair saw sharply increased orders from Europe and India. Lower price for autumn cocoon was only a superficial phenomenon. In fact, many exporters reflect having received increased foreign trade orders and expect silk exports to continue growing.
In the international market, traditional markets like the EU, the US, and Japan continue to maintain stable silk consumption, while India has surpassed them, becoming the top purchaser. Experts believe that with India's economic development, silk consumption in the country will continue to maintain a growth momentum.
China has a population of 1.3 billion and if per capita consumption was to be one meter of silk fabric, the gross quantity would come to 1.3 billion meters. At present, China's silk fabric output is less than 700 million meters, so domestic market shows great potential for silk consumption.
It is estimated that cocoon consumption in domestic market is above 30 percent, and the trend has been increasing year by year.
Silk quilt is one of the main products, with annual production of more than 5 million pieces. Annual silk consumption is about 12,000 tons, equivalent to nearly 100,000 tons of fresh cocoons, accounting for 14 percent of China's cocoon production.
Fibre2fashion, News Desk - China
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