In 2023, China dominated the global raw silk export market with an 81.73% share, showcasing a moderate increase of 0.4% from the previous year. Italy followed with a 6.93% share, experiencing a notable growth of 1.68%. Other key players included Romania and Thailand with 3.17% and 1.4% shares, respectively, both witnessing growth. Conversely, Germany's share decreased by 7.77%, while countries like the United Arab Emirates and Poland saw significant increases of 90.03% and 128.5%, respectively. There were overall declines in several smaller markets, like the United States and France.
For future trends, watch for China's continued dominance alongside any shifts in European demand, particularly from Italy and Romania. Market dynamics in emerging economies such as the UAE and Poland will be critical, driven by expanding production capabilities or shifts in trade policies. Additionally, global economic conditions and consumer trends in demand for luxury items may further influence raw silk exports.
Top countries in Export of Raw Silk Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 81.73 | 2023 | -0.34% | +0.4% | View data |
| 2 | 2 Italy | 6.93 | 2023 | +2.42% | +1.68% | View data |
| 3 | 3 Romania | 3.17 | 2023 | +2.85% | +2.59% | View data |
| 4 | 4 Thailand | 1.4 | 2023 | +6.4% | +2.24% | View data |
| 5 | 5 Germany | 0.62 | 2023 | -11.68% | -7.77% | View data |
| 6 | 6 United Arab Emirates | 0.046 | 2023 | -14.8% | +90.03% | View data |
| 7 | 7 Kyrgyzstan | 0.044 | 2023 | -2.74% | -2.17% | View data |
| 8 | 8 Belgium | 0.041 | 2023 | +6.31% | +0.17% | View data |
| 9 | 9 United States | 0.033 | 2023 | -27.09% | -10.9% | View data |
| 10 | 10 Poland | 0.026 | 2023 | +5.68% | +128.5% | View data |
