Trade Statistics of Major Markets in Raw Silk Industry January-September 2024


Statistiques commerciales des principaux marchés de l'industrie de la soie brute janvier-septembre 2024


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In the previous article, we analyzed Japan’s silk commodity trade. Today, we focus on the raw silk industry statistics from January to September 2024. At Docsun Home and Living, we closely monitor these global trends to provide the best custom printing services for our clients.

China, India, Brazil, Japan, Vietnam, and the European Union are the most significant participants. Based on “Global Trade Watch” (GTF) data, this report analyzes the raw silk trade situation for these regions.

I. Overall View

According to GTF data, the total silk trade volume of the “Five Countries and the EU” was USD 838 million, a year-on-year decrease of 12.37%. Trade volume reached 20,000 tons, down 10.69% year-on-year.

Statistiques commerciales des principaux marchés Exportations :

The export value was USD 450 million (down 8.57%), and volume was 9,841.82 tons (down 7.52%). China, Vietnam, and Brazil saw declines, while India saw an increase of over 20% in export value.

Statistiques commerciales des principaux marchés Importations :

The total import value was USD 387 million (down 16.41%). China saw growth in both import value and quantity, contrasting with declines in other markets.

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Table 1: Statistics of Raw Silk and Yarn Trade Value (Jan-Sep 2024)

Unité : millions d'USD

Pays/Région Valeur totale des échanges Année % Valeur des exportations Valeur des importations
Total 837.58 -12.37 450.37 387.20
Chine 334.57 -11.39 286.93 47.64
UE (27 pays) 169.05 -8.66 14.81 154.23
Inde 138.47 -16.25 34.89 103.58
Vietnam 131.32 -15.72 93.79 37.54
Japon 44.83 -9.79 3.05 41.78
Brésil 19.34 -13.37 16.90 2.44

(Source de données : GTF)

Table 2: Statistics of Raw Silk and Yarn Trade Volume (Jan-Sep 2024)

Unité : Tonnes

Pays/Région Total Volume Année % Volume d'exportation Volume d'importation
Total 19,999.20 -10.69 9,841.82 10,156.32
Chine 9,875.37 -4.94 5,203.53 4,671.84
Inde 3,997.49 -18.00 2,382.75 1,613.69
UE (27 pays) 2,741.27 -9.68 222.18 2,519.10
Vietnam 2,437.53 -17.24 1,787.10 650.43
Japon 718.47 -15.38 29.01 689.47
Brésil 229.06 -23.59 217.26 11.80

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II. Aperçu des exportations des principaux fournisseurs de soie

1. La Chine

As a major supplier, China’s exports declined to USD 287 million (-14.11%). Exports to the EU increased by 4.89%, while exports to India, Japan, and Vietnam dropped significantly. For specific sourcing inquiries, you can send us a message directly.

Table 3: China’s Raw Silk Exports to Major Markets

Market Export Value ($10k) Année %
Mondial 28693.08 -14.11
L'UE 13837.45 4.89
Inde 4286.50 -42.25
Japon 2717.11 -17.85
Vietnam 1931.88 -48.86

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2. Le Vietnam

Vietnam ranked second with USD 93.79 million (-0.38%). While export volume dropped, unit price increased. Exports to Japan, Laos, and Thailand saw significant growth.

3. L'Inde

India saw a 26.83% increase in export value (USD 34.89 million), driven by demand from China, which accounts for 75.72% of its total export value.

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4. Brazil & 5. EU

Brazil’s exports dropped by 12.65%, primarily to the EU and Japan. The EU’s exports decreased by 3.10%, mainly due to a drop in volume despite a price increase.

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III. Situation des importations sur les principaux marchés de la soie

1. L'UE

The EU remains the top importer (USD 154 million), though this represents a 9.16% decline. China is the primary source, accounting for 85.11% of imports.

2. L'Inde

India’s imports fell by 24.85%. Vietnam has replaced China as India’s largest source of silk imports.

3. Chine

China was the only market with import growth (+9.49%), mainly sourcing from India, Uzbekistan, and North Korea.

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4. Japan & 5. Vietnam

Japan’s imports declined by 11.95%, and Vietnam saw the largest drop of 39.15%.

IV. Principales caractéristiques

  1. Overall decrease in both trade value and volume.
  2. India and Japan saw export growth, while China and Brazil declined.
  3. China was the only market with import growth.
  4. Significant fluctuations in trade flow between major partners.

(Statement: This article conveys industry information for reference. Sourced from China Chamber of Commerce for Import and Export of Textiles.)

Frequently Asked Questions (FAQ)

What was the overall trend for the global silk trade in early 2024?
The total silk trade volume of the major markets (Five Countries and the EU) decreased by 12.37% in value and 10.69% in volume from January to September 2024 compared to the previous year.
Which country is the largest exporter of raw silk?
China remains the largest supplier, although its export value decreased by 14.11%. Vietnam follows as the second-largest exporter in terms of value.
Did any market see an increase in silk imports?
Yes, China was the only major market that experienced growth in both import value (9.49%) and quantity (4.01%) during this period.
Where can I find custom silk printing services?
You can find high-quality custom printing services and design patterns at Docsun Home and Living.


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