Get the latest insights on price movement and trends analysis of Raw Silk in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Raw Silk Price Trends for the First Half of 2023
Raw Silk observed mixed price trends during the said period. In the beginning, the prices rose in the winter months of January and February. However, a persistent decline in Raw Silk price trends was observed in the Chinese market.
In the first half of the first quarter, the winter season and the impending Chinese New Year called for increased demands since silk is extensively used in Chinese traditional clothing and is a winter-friendly fabric. The Raw Silk prices rose by approx—1200 USD/MT from January to February. Further, the spot prices stood at around 61228 USD/MT in June’23, after depreciating by about 5% within five months after Feb’23.
According to Procurement Resource, the Raw Silk price trends will likely increase going forward in the second half of the year, given the arrival of the winter season and anticipated increase in customer demands.
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.
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.
|Product Name||Raw Silk|
|Industrial Uses||Textile industry, Handloom fabrics, Cosmetics and medicine|
|Supplier Database||Anhui Silk Co. Ltd, Wujiang First Textile Co., Ltd, Kraig Biocraft Laboratories, Inc, Bolt Threads Inc, AMSilk GmbH|
|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|
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.
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.
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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