Global trade of silkworm cocoons declines significantly
08 Jan 20 2 min read
The global trade value of silkworm cocoons (suitable for reeling) has shown a sharp decline in the recent years. The total trade slashed by 32.57 per cent in 2019 over the previous year, according to data from TexPro. The global trade of silkworm cocoons was at $6,786.46 thousand in 2017, which dropped down to $6,131.56 thousand in 2019.
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The total trade of silkworm cocoons is anticipated to move down to $5,267.78 thousand in 2022 with a drop of 14.09 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
The global export of silkworm cocoons was $3,007.75 thousand in 2017, which lowered by 9.21 per cent to $2,760.96 thousand in 2019. Total exports decreased by 37.23 per cent in 2019 over the previous year and is expected to reach $2,428.21 thousand in 2022 with a down of 12.05 per cent from 2019.
The global import of silkworm cocoons was $3,778.71 thousand in 2017, which curbed by 10.80 per cent to $3,370.60 thousand in 2019. Total imports crushed by 28.20 per cent in 2019 over the previous year and is expected to cut by 15.75 per cent to $2,839.57 thousand in 2022 from 2019.
Belgium ($10,43,318.01 thousand), US ($6,26,357.33 thousand), Turkey ($3,03,450.80 thousand) and UK ($2,90,981.72 thousand) were the key exporters of silkworm cocoons across the globe in 2019, together comprising 82.00 per cent of total export. These were followed by China ($1,62,664.00 thousand), Ireland ($1,37,301.87 thousand), France ($55,629.77 thousand) and Malaysia ($39,459.28 thousand).
From 2014 to 2019, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by US, UK and Turkey.
Iran ($10,63,872.00 thousand), China ($8,36,626.67 thousand), France ($4,72,419.51 thousand), and Netherland ($3,37,068.68 thousand) were the key importers of silkworm cocoons across the globe in 2019, together comprising 80.40 per cent of total import. These were distantly followed by the Slovakia ($2,05,276.88 thousand), Belgium ($1,63,605.47 thousand), Canada ($63,368.33 thousand) and Poland ($60,730.79 thousand).
From 2014 to 2019, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by China and the Netherlands.
Fibre2Fashion News Desk (JL)
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