Dried Cocoons Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Dried Cocoons in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dried Cocoons Price Trends

Dried Cocoons Price Trend for the First Half of 2023

Dried Cocoons are primarily produced in China, and the Chinese Dried Cocoons industry exhibited totally mixed market sentiments in H1 2023. The prices rose continuously in the first quarter while a sharp decline was observed in the second quarter.

The commencement of the Lunar New Year Holiday season in the first quarter flooded the market with fresh demands, especially since the market was shut previously because of the covid 19 pandemic restrictions. The demand for silk from the international market was also high. Hence, the Dried Cocoons prices rose from around 2185 USD/MT (Spot FD) in January’23 to about 21715 USD/MT (Spot FD) in March’23.

However, as the quarter shifted, the demands took a sudden hit; since silk is not a very summer-friendly fabric, its popularity dipped in the summer months, and the prices started declining because of the overfilled inventories and lowered demands. The average spot prices dropped to around 19847 USD/MT by the end of the second quarter. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, the price trend of Dried Cocoon are expected to improve going forward, as the upcoming winter season will have silk in high demand. Hence, the inquiries from the downstream fabric and garment industries are expected to rise.

Procurement Resource provides latest prices of Dried Cocoons. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

This refers to the cocoons that have been dried to protect cocoon quality and preserve its condition to facilitate the process of reeling. Dried Cocoons can withstand the damage caused by the long duration of storage compared to fresh cocoons. As the pupa's continued metamorphosis could lead to the piercing of shell by a newly emergent moth, the method of drying facilitates the conversion of cocoons to raw silk with ease. China is the leading producer of cocoons and raw silk globally.

Product Details

Report Features Details
Product Name Dried Cocoons
Industrial Uses Silk, Textile industry
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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Production Processes

  • Production of Dried Cocoons via Drying/Stifling

In order to produce Dried Cocoons, fresh cocoons are placed in drying machine, where they are heated to remove the water in the cocoon shell. The water quickly evaporates, and heat kills pupa, after which gradual cocoon drying continues till the desired amount of water has evaporated. Various methods of drying include sun drying, steam stifling, and hot air-drying.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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