In 2023, China's raw silk exports stood at an actual value of 2.85 thousand metric tons. Forecasted data for the years 2024 to 2028 indicate a consistent decline in volume, reflecting a significant downward trend with year-on-year decreases. The export volumes are anticipated to fall from 2.48 in 2024 to a mere 0.9768 thousand metric tons by 2028. This represents a compound annual growth rate (CAGR) of approximately -16% over the five-year forecast period, illustrating a shrinking market.
Future trends to watch for include:
- Potential market shifts towards alternative synthetic fibers reducing demand for raw silk.
- Changes in global demand influenced by fashion trends and sustainability considerations.
- Price volatility due to fluctuations in supply chain dynamics and production costs.
