China dominates the global raw silk export market, accounting for a vast majority of the export value at $296.63 million in 2023. Italy and Romania follow but with much smaller figures of $25.165 million and $11.502 million respectively. Despite China’s dominance, its growth in 2023 was moderate at 0.4%. In contrast, Poland showed the highest year-on-year growth rate at 128.5%, driven by increased demand or favorable trade conditions. The United Arab Emirates also exhibited significant growth at 90.03%, while countries like the United States and Germany recorded declines at -10.9% and -7.77%, reflecting possible market shifts or competition. Smaller markets like Sweden remained relatively stable with minimal changes.
Future trends to watch include potential shifts in production and export policies in China, as their dominance could affect global pricing and availability. Emerging players or increased demand in European and Middle Eastern countries could reshape market dynamics. Sustainability trends and innovations in silk production might also impact traditional export patterns.
Top countries in Export of Raw Silk by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 296,630,000 | 2023 | -0.34% | +0.4% | View data |
| 2 | 2 Italy | 25,165,000 | 2023 | +2.42% | +1.68% | View data |
| 3 | 3 Romania | 11,502,000 | 2023 | +2.85% | +2.59% | View data |
| 4 | 4 Thailand | 5,075,600 | 2023 | +6.4% | +2.24% | View data |
| 5 | 5 Germany | 2,261,700 | 2023 | -11.68% | -7.77% | View data |
| 6 | 6 United Arab Emirates | 166,990 | 2023 | -14.8% | +90.03% | View data |
| 7 | 7 Kyrgyzstan | 159,270 | 2023 | -2.74% | -2.17% | View data |
| 8 | 8 Belgium | 149,180 | 2023 | +6.31% | +0.17% | View data |
| 9 | 9 United States | 118,710 | 2023 | -27.09% | -10.9% | View data |
| 10 | 10 Poland | 93,940 | 2023 | +5.68% | +128.5% | View data |
