Global trade of silk yarns show considerable fall

26 Aug '20

2 min read

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The global export of silk yarns was reported around $432.32 million in the year 2017, which decreased 13.04 per cent to $375.95 million in 2019. Total exports declined 15.46 per cent in 2019 over the previous year, according to data from TexPro. It is expected to move up to $388.07 million in 2022 with a rate of 3.22 per cent from 2019.

The global import value of silk yarns was $457.59 million in 2017, which fell 22.92 per cent to $352.73 million in 2019, according to Fibre2Fashion's market analysis tool TexPro.

Total imports plunged 28.31 per cent in 2019 over the previous year and is expected to increase to $367.67 million in 2022 with a rate of 4.24 per cent from 2019.

China ($141.36 million), Romania ($75.51 million), Italy ($57.25 million), Vietnam ($32.68 million) and Brazil ($27.64 million) were the key exporters of silk yarns across the globe in 2019, together comprising 88.96 per cent of total export. These were followed by Slovenia ($8.12 million), Germany ($5.73 million) and Thailand ($3.98 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Italy (68.34 per cent) and Romania (12.33 per cent).

Italy ($168.88 million), Japan ($54.19 million) and India ($15.47 million) were the key importers of silk yarns in the globe in 2019, together comprising 67.62 per cent of total import. These were followed by the UK ($13.73 million), France ($10.97 million) and Vietnam ($9.60 million).

From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Italy (35.45 per cent) and India (22.75 per cent).

Fibre2Fashion News Desk (JL)

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