Main Market Trade Report of Genuine Silk Satin (2024)

Source: China Chamber of Commerce for Import and Export of Textiles
Author: Silk Department
Date: March 31, 2025

In the previous article, we learned about the US silk import and export trade data in January 2025. Interested friends can click USA‘s data to learn more. Today, this article focuses on the analysis of the main market trade report of silk satin (2024)

China, India, Turkey, the United States, Japan, Thailand, and the European Union (27 external partners) (hereinafter referred to as “the six countries and the EU”) are the most important participants in the global silk fabrics trade. Based on data provided by Dalian “Global Trade Observation” company (hereinafter referred to as “GTF”) and national (regional) statistical departments, this report analyzes the 2024 trade situation of silk satin products in the six countries and the EU, for reference.

I. Overall Situation

According to GTF data, the total trade value of silk fabrics among the six countries and the EU in 2024 reached USD 3.591 billion, representing a year-on-year decrease of 1.04%. Of this, exports amounted to USD 2.209 billion, a decrease of 4.43%, while imports totaled USD 1.382 billion, an increase of 4.12%.

India and Thailand saw increases in trade value of 31.01% and 16.95%, respectively. Trade value in the other four countries and the EU declined to various degrees.

Among the main suppliers, the EU, Turkey, China, and India each had exports exceeding USD 200 million. Only India and Thailand achieved year-on-year export growth; exports from the other suppliers declined.

Among major markets, traditional markets—the EU, the United States, and Japan—saw declines in fabric imports, while emerging markets—India, Thailand, and Turkey—recorded increases. China’s import value remained relatively low and also declined. (See Table 1 for details.)

Table 1: Silk Fabrics Trade Statistics of the Six Countries and the EU in 2024

Unit: USD 10,000

Data Source: GTF

II. Overview of Major Silk Fabric Export Suppliers

1. EU (27 countries)

In 2024, the EU’s silk fabrics export value was USD 729 million, a year-on-year decrease of 4.44%.

The EU’s silk fabrics export markets are relatively diversified, with the top five markets accounting for 48.47% of total exports. Exports to Tunisia and Serbia declined by 14.90% and 16.81%, respectively, while exports to Morocco and Sri Lanka grew by more than 10%. Exports to China grew by 5.81%. The growth in these three markets helped ensure that the EU’s satin exports did not experience a larger decline throughout the year.

Table 2: Export Value of EU (27 countries) Silk Fabrics to Major Markets in 2024
Unit: USD 10,000

Data Source: GTF

2. Turkey

In 2024, Turkey’s silk fabrics export value was USD 505 million, a year-on-year decrease of 13.70%.

Among Turkey’s top five export markets, only exports to Russia and Morocco saw a growth, while exports to other markets declined.

Turkey’s exports to the EU, Belarus, Russia, and Morocco totaled USD 385 million, accounting for over 75% of total exports. Despite the exports to the EU and Belarus decreasing by 15.68% and 25.91%, respectively, the exports to Russia and Morocco grew by 3.72% and 31.84%. (see Table 3).

Table 3: Export Value of Turkey’s Silk Fabrics to Major Markets in 2024
Unit: USD 10,000

Data Source: GTF

3. China

In 2024, China’s silk fabrics export value continued the downward trend of the previous year, with an export value of USD 356 million, a year-on-year decrease of 7.74%.

Among the major markets, the exports to Hong Kong, Turkey, and Malaysia showed in growth, while the exports to other markets declined, particularly the exports to Pakistan, which dropped by 32.19% (see Table 4).

(For more details on China’s silk trade, please visit the China Chamber of Commerce for Import and Export of Textiles website at www.ccct.org.cn and refer to the Silk Division section.)

Table 4: Export Value of China’s Silk Fabrics to Major Markets in 2024
Unit: USD 10,000

Data Source: GTF

4. India

In 2024, India’s silk fabrics export value was USD 269 million, a year-on-year increase of 33.62%, marking the largest growth among the seven major satin suppliers.

India’s satin exports are highly concentrated, with the top five export markets accounting for 80.17% of total exports. Among the major markets, exports to all markets saw a significant increase, except for the USA and the UK, which saw a decline (see Table 5).

Table 5: Export Value of India’s Silk Fabrics to Major Markets in 2024
Unit: USD 10,000

Data Source: GTF

5. USA

In 2024, the USA’s silk fabrics export value was USD 161 million, a year-on-year decrease of 11.79%.

The USA’s silk fabrics export market is primarily in the Americas. Exports to Mexico, Honduras, and the Dominican Republic together accounted for nearly 60% of total exports. Among the major markets, the exports to El Salvador increased by 124.67%, while exports to other markets declined.

Table 6: Export Value of USA Silk Fabrics to Major Markets in 2024
Unit: USD 10,000

Data Source: GTF

6. Japan

In 2024, Japan’s silk fabrics export value was USD 115 million, a year-on-year decrease of 8.25%.

China and Vietnam are Japan’s two largest satin export markets, accounting for nearly 3/4 of total exports. Exports to both China and Vietnam declined, with decreases of 13.37% and 11.24%, respectively. Although the exports to Thailand showed a slight increase, the exports to the Dominican Republic, Bangladesh, and the EU increased significantly, but their small base and low share could not offset the overall decline in exports.

Table 7: Export Value of Japan’s Silk Fabrics to Major Markets in 2024
Unit: USD 10,000

Data Source: GTF

7. Thailand

In 2024, Thailand’s silk fabrics export value was USD 74.98 million, a year-on-year increase of 8.19%.

Thailand saw an export growth across all major markets, particularly a significant increase of 87.46% in the exports to Bangladesh (see Table 8).

Table 8: Export Value of Thailand’s Silk Fabrics to Major Markets in 2024
Unit: USD 10,000

Data Source: GTF

III. Overview of Major Silk Fabric Import Markets

1. EU (27 countries)

In 2024, the EU’s silk fabrics import value remained the highest, reaching USD 609 million, a year-on-year decrease of 1.78%.

China and Turkey continued to be the EU’s main sources of silk fabric imports, with a combined import value of USD 426 million, accounting for nearly 70% of total imports. Imports from China grew by 9.86% year-on-year, while imports from Turkey decreased by 11.83% (see Table 9).

Table 9: Import Value of EU’s (27 countries) Silk Fabrics from Major Sources in 2024
Unit: USD 10,000

Data Source: GTF

2. USA

In 2024, the USA’s silk fabrics import value ranked second, with USD 197 million, a year-on-year decrease of 6.89%.

Since 2022, South Korea has surpassed China to become the USA’s largest source of silk fabric imports. In 2024, imports from South Korea saw a significant decrease of 23.37%, while imports from China slightly increased by 0.21%. In terms of total value, imports from both China and South Korea were nearly equal.

Imports from the top five major sources each accounted for more than 10% of total imports, with the total share close to 80% (see Table 10).

Table 10: Import Value of USA’s Silk Fabrics from Major Sources in 2024
Unit: USD 10,000

Data Source: GTF

3. India

In 2024, India experienced the largest increase in silk fabric imports among the seven major markets, with an import value of USD 188 million, a year-on-year increase of 27.45%.

Among the major sources, imports from Sri Lanka decreased, while imports from all other sources showed in growth. China remains the largest source of silk fabric imports for India, accounting for 71.24% of total imports, with a 42.27% year-on-year increase in imports from China (see Table 11).

Table 11: Import Value of India’s silk fabrics from Major Sources in 2024
Unit: USD 10,000

Data Source: GTF

4. Thailand

In 2024, Thailand’s total import value of silk fabrics was USD 165 million, a year-on-year increase of 21.42%.

Imports from the major sources of China, Vietnam, and Taiwan accounted for USD 138 million, representing 83.57% of the total imports. Imports from these three sources showed significant growth. However, imports from Japan, the EU, and Hong Kong saw substantial declines (see Table 12).

Table 12: Import Value of Thailand’s Silk Fabrics from Major Sources in 2024
Unit: USD 10,000

Data Source: GTF

5. Turkey

In 2024, Turkey’s silk fabric import value was USD 14.7 million, a year-on-year increase of 15.58%.

80.11% of Turkey’s satin imports came from China, the EU, and South Korea. Among these, imports from China increased by 17.02%, while imports from South Korea and the EU decreased by 15.52% and 9.04%, respectively. Additionally, imports from Egypt and Malaysia saw a significant surge (see Table 13).

Table 13: Import Value of Turkey’s Silk Fabrics from Major Sources in 2024
Unit: USD 10,000

Data Source: GTF

6. Japan

Japan’s silk fabric imports have declined for three consecutive years. In 2024, the import value was USD 59.37 million, a year-on-year decrease of 10.71%.

Except for imports from the USA and India, which showed some growth, imports from the remaining major sources declined significantly. China and Vietnam remain Japan’s two largest sources of satin imports, with a combined import value accounting for 64.65% of total imports (see Table 14).

Table 14: Import Value of Japan’s Silk Fabrics from Major Sources in 2024
Unit: USD 10,000

Data Source: GTF

7. China

In 2024, China’s silk fabric import value was USD 1.63 million, a year-on-year decrease of 10.52%.

Among the major sources, imports from the EU saw a slight increase of 0.85%, while imports from other sources declined (see Table 15).

Table 15: Import Value of China’s Silk Fabrics from Major Sources in 2024
Unit: USD 10,000

Data Source: GTF

IV. Key Features

The main features of the silk fabric trade in the six countries and the EU in 2024 are as follows:

Overall trade and export values declined, while import values increased;

Only India and Thailand achieved growth in both imports and exports;

The silk fabric export markets and import sources for each participant were relatively concentrated;

There were significant fluctuations in exports to individual major markets and imports from major sources for both the six countries and the EU.

Source : China Chamber of Commerce for Import and Export of Textiles March 2025

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