Silk Yarn Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Silk Yarn Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report is segmented by Geography (United States, China, India, Thailand, Germany, Italy, United Kingdom, Brazil, and Tunisia).

Market Snapshot

Silk Yarn Market Overview
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 5.5 %

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Market Overview

The global silk yarn market is projected to register a CAGR of 5.5% during the forecast period (2021-2026). During the COVID-19 period, the Silk industry faced various problems related to its production, cocoon and raw silk price fluctuations, transportation problem, non-availability of skilled workers, downfall in the sale of raw silk and silk products, declining working capital and cash flow, reduced export/import orders, besides restrictions both the upstream and downstream industries of silk are facing a serious crisis. The last few month's orders and supply showed a declining trend in silk production during the peak COVID-19 period which is substantially improving now. The outbreak of the pandemic has also prompted changes in the silk marketing channels and consumption patterns. At the same time, many companies have made efforts to combine the Internet and new technologies to innovate and develop, transform and upgrade to adapt to market changes, thus fighting the economic crisis that was brought about by the pandemic. 

Caribbean countries such as Cuba and African Countries including Kenya are making an effort to boost their silk yarn production. For instance, a seminar was held in Havana in 2017, by the Center for Foreign Economic Cooperation (CCEE), China; to improve the production and industrialization of silk and silk-related products in Cuba. Similarly, the Government of Rwanda has begun investing in the development of silk value chains, with the rising demand from Asia, the production of high-quality silk products offers strong export opportunities. To tap into growing global markets, Rwanda’s National Agricultural Export Development Board (NAEB) has also partnered with HEWorks, a Korean silk manufacturer. 

Countries such as India, China, the United States of America, Italy, France, Switzerland, Japan, Vietnam, the United Arab Emirates, the United Kingdom, Germany, and Korea are some of the major consumers of silk and silk products. The industrialization of the silk industry coupled with various government schemes will boost the production of raw silk in the Asia-pacific region which in turn increases the production of silk yarn, making the region to be the largest market during the forecast period.

Scope of the Report

Silk yarn is widely used in the textile industry to produce clothing such as socks, neckties, dresses. They are also used in manufacturing home decor fabrics such as flowering curtains, comforters, and so on. The Global Silk Yarn Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report is segmented by Geography (United States, China, India, Thailand, Germany, Italy, United Kingdom, Brazil, and Tunisia).

Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
United States
China
India
Thailand
Germany
Italy
United Kingdom
Brazil
Tunisia

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Key Market Trends

Italy Emerging as Major Producer of Silk Yarn in the Europe

Italy is one of the major producers of silk yarn in the European region, as hundreds of farms have started rearing silkworms in the past few years. Silk production using silk worms grown in Italy has been on the rise in recent years. Comapnies such as ONGETTA SRL is specialized in the silk throwsting and produces GOTS certified organic silk that is branded ONGETTA BIO SILK™. It was the first spinning and twisting mill of GOTS certified silk yarns in Europe.

The decrease in exports of silk yarn from China is likely to give more access to the Italian silk yarn producers to the global market. Further, the price of Chinese silk has been climbing, far surpassing the price of silk threads produced in Italy from Italian-grown silkworms. This would further boost domestically produced silk yarn.

However, the production and export of silk yarn from Italy are minuscule when compared to Chinese production and export of silk yarn. In 2020, Italy exported silk yarn which valued at USD 17,657 thousand worldwide, and the major destinations were France, Romania, United Kingdom, Austria, and Germany.

Italy silk export

Asia Pacific Dominates the Market

China is worlds largest producer and export silk and silk products including silk yarns. However, the rising costs of mulberry cultivation are forcing many farmers to exit sericulture. In 2017, a necktie producing company called Babei Group has introduced a new method of rearing silkworm using artificial fodder made of various ingredients including soybean, corn powder, sweet potato starch and vitamin complex. Similarly, the production of raw silk by the world's second-largest producer India has increased by 10.2% during 2018-2019. The country is also implemented a scheme called Silk Samagra through its Central Silk Board (CSB) to enhance the quality and productivity of domestic silk to reduce the country's import of raw silk. In order to promote tussar silk cultivation in Odisha, the Khadi and Village Industries Commission (KVIC) in September 2021, established the State's first silk yarn production centre at Choudwar in the district .The industrialisation of the silk industry coupled with various government schemes will boost the production of raw silk in the Asia-pacific region which in turn increase the production of silk yarn making the region to be the largest market during the forecast period.

Global silk yarn market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)

      1. 5.1.1 United States

      2. 5.1.2 China

      3. 5.1.3 India

      4. 5.1.4 Thailand

      5. 5.1.5 Germany

      6. 5.1.6 Italy

      7. 5.1.7 United Kingdom

      8. 5.1.8 Brazil

      9. 5.1.9 Tunisia

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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Frequently Asked Questions

The Silk Yarn Market market is studied from 2016 - 2026.

The Silk Yarn Market is growing at a CAGR of 5.5% over the next 5 years.

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