In 2023, the sold production of silk yarn, silk waste yarn, and silk-worm gut in Italy stood at 23.5 million euros. The forecast data from 2024 to 2028 indicates a steady upward trend in this sector. The year-on-year growth rates are approximately: 2024 (5.9%), 2025 (5.7%), 2026 (5.3%), 2027 (5.0%), and 2028 (4.7%). The compound annual growth rate (CAGR) over the five-year period stands at around 5.3%, reflecting a consistent increase in value.
Future trends to watch for include:
- Potential innovations and technological advancements in silk production methods.
- Market demand shifts due to eco-conscious consumers favoring sustainable and natural fibers.
- Impacts of global trade agreements and economic policies on the Italian silk industry.