Raw Silk Price Trend

In India, the cocoon market in Ramanagaram saw prices regularly top 700 INR/kg over the last two weeks of December, with the bivoltine variety reached a new high of 770 INR/kg by the end of third week. This high price was attributed to the growing demand for raw silk, which was priced at 5200 INR/kg. In China, the average price of dried cocoons on the market as of February 24 was 145,000 RMB/MT, up 0.69% from the beginning of the month and 34.26% year over year. The average raw silk prices were 450,625 RMB/MT, up 0.95% year on year and 33.92% higher than the previous year.

Silk is a consolidated market, with Asia-Pacific countries accounting for the majority of demand and supply. China and India are the world's first and second largest producers of silk, respectively. In China, the sericulture industry dates back over 6,000 years. China is also a major silk exporter in the world. Mulberry silk and Tussar silk are the most common types of silk produced in China.

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Procurement Resource provides latest prices of Raw Silk. 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.

Chart Description

Procurement Resource provides prices of Raw Silk for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Raw Silk

Raw Silk, which contains sericin- a gummy substance, is the most natural form of delicate fibre obtained from cocoons of silkworm. Owing to its smoothness and texture, it gets easily woven into different fabrics and garments. It is processed to obtain silk, which is one of the most popular fabrics in the world of fashion. Different varieties of Raw Silk available in the market include Muga, Tropical Tussar, Mulberry, and Temperate Tassar raw silk. Of all, Mulberry raw silk is considered to be the finest and softest. China is the leading producer and supplier of silk products worldwide.

Industrial Uses

  • Textile industry
  • Handloom fabrics
  • Cosmetics and medicine

Production Processes

  • Production of Raw Silk from Dry Cocoons 

Production of Raw Silk involves several steps starting from silkworm breeding, and silkworm rearing. Fresh cocoons are collected and dried to obtain Raw Silk, which undergoes the process of reeling and spinning. The reeled and dried silk is further processed using twisting, doubling, and other methods so that it is ready for use in rug weaving or textile industry.

Supplier Database

  • Anhui Silk Co. Ltd. 
  • Wujiang First Textile Co., Ltd.
  • Kraig Biocraft Laboratories, Inc.
  • Bolt Threads Inc.
  • AMSilk GmbH

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

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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