Italy, with a significant import value of $326.45 million, leads as the top importer of silk. India follows with $208.8 million, indicating a robust demand in the textile industry. Japan, Romania, and the United States complete the top five, each showing consistent year-on-year growth. Over the past two years, import figures have shown some fluctuations but remain generally stable, pointing to the established markets. The compound annual growth rate (CAGR) over the last five years highlights steady increases, especially for emerging economies like India and South Korea. Notably, China's position as an importer reflects shifts in its domestic consumption and production dynamics.
Future trends to watch include:
- Potential shifts in demand driven by changes in fashion trends and sustainability concerns.
- Economic conditions in the leading importing countries which may influence purchasing power.
- Impact of trade policies and tariffs on silk sources, especially in the US and EU markets.
Top countries in Top Importers of Silk
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Italy | 326.45 | 2016 | |
| 2 | 2 India | 208.8 | 2016 | |
| 3 | 3 Japan | 124.83 | 2016 | |
| 4 | 4 Romania | 113.09 | 2016 | |
| 5 | 5 United States | 102.93 | 2016 | |
| 6 | 6 France | 78.11 | 2016 | |
| 7 | 7 South Korea | 69.31 | 2016 | |
| 8 | 8 Hong Kong | 59.92 | 2016 | |
| 9 | 9 China | 57.16 | 2016 | |
| 10 | 10 Pakistan | 52.26 | 2016 |
