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Raw Silk price index

This post is a summary of the Raw Silk price developments. The price developments of Raw Silk are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Raw Silk price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for Raw Silk prices, on the second tab, is generated from different inputs including:

  • Very recent price developments of immediate cost drivers of Raw Silk prices
  • Recent price developments of underlying feedstocks which drive the price of Raw Silk
  • Market futures for both cost drives and feedstocks of Raw Silk prices
  • Adjustment of current supply/demand imbalances in the Raw Silk market
  • Longer term trends in likely demand conditions

Further information on the Raw Silk index

Here is some further information on raw silk

 

What is Raw Silk and how is it produced

Raw silk is the natural, unprocessed silk that is produced by silkworms. It is a type of protein fiber that is produced by the silkworms as a protective casing for their cocoons.

Silkworms are the larvae of silk moths, and they spin silk cocoons by secreting a liquid protein from glands in their bodies. As the silkworms spin their cocoons, the protein hardens and forms long, continuous threads of silk. When the silkworms are ready to transform into moths, they emerge from their cocoons by breaking through the silk threads.

Raw silk is harvested by boiling the cocoons in water, which softens the silk threads and allows them to be unwound. The silk threads are then spun into yarn and woven or knitted into fabric. Raw silk is a natural, luxurious fabric that is prized for its softness, luster, and strength. It is used to make a wide range of products, including clothing, linens, and home furnishings.

 

What is Raw Silk used for

Raw silk is a natural, luxurious fabric that is used in a variety of applications. It is prized for its softness, luster, and strength, and it is often used to make high-quality clothing, linens, and home furnishings.

Some common uses for raw silk include:

Clothing

Raw silk is a popular choice for formal wear, such as suits, dresses, and gowns. It is also used to make blouses, skirts, ties, and other garments.

Linens

Raw silk is used to make sheets, pillowcases, and other bed linens, as well as towels and other bath linens.

Home furnishings

Raw silk is used to make curtains, cushions, and other decorative items for the home. It is also used to make tablecloths, placemats, and other table linens.

Other applications

Raw silk is also used to make products such as flags, banners, and other decorative items. It is also used in the production of some industrial products, such as rubber and tire cord.

 

Further reading on raw silk

 

Silk market size information

The global silk market is significant and has experienced steady growth in recent years. According to a report published by Mordor Intelligence, the global silk market was valued at around $34 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% between 2021 and 2026.

Silk is a natural, luxurious fiber that is used in a wide range of products, including clothing, linens, and home furnishings. It is produced by silkworms, the larvae of silk moths, which spin cocoons made of raw silk. Raw silk is harvested by boiling the cocoons in water, which softens the silk threads and allows them to be unwound. The silk threads are then spun into yarn and woven or knitted into fabric.

The Asia-Pacific region is the largest market for silk, accounting for more than half of the global demand. China is the world’s largest producer and exporter of silk, followed by India and Vietnam. Europe and North America are also significant markets for silk, with a growing demand for sustainable and natural fibers.

According to https://oec.world/ :

Raw Silk are the world’s 1108th most traded product.

In 2020, the top exporters of Raw Silk were China ($129M), Vietnam ($40.3M), Italy ($19.7M), Brazil ($18.2M), and Uzbekistan ($18.1M).

In 2020, the top importers of Raw Silk were India ($86M), Romania ($54.8M), Italy ($27.4M), Vietnam ($17.5M), and France ($11.6M).

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Notes on the price-data

  • We aim to update the data series on the 11th and 25th of each month (but we do not always make it for each chart)
  • The data for the current month and recent history are fine-tuned over time.
  • We are continually improving our data collection and processing methods and data will be updated from time to time as we improve the accuracy
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  • This the index trend of the price of the product group in general and not a single specification in particular
  • The source of the data are exclusively public non-confidential sources
  • We combine public publications, import/export records, company announcements, and sources of ad-hoc public information.
  • The chart shows the price trend,  nearly always taken from many statistically-correlated sources 
  • The data is presented in US$. The UOM of measure is shown in the Index list table
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