Silk Yarn Market Size (2024 - 2029)

Silk Yarn Market Analysis

The Silk Yarn Market size is estimated at USD 40.59 billion in 2024, and is expected to reach USD 47.08 billion by 2029, growing at a CAGR of 3.01% during the forecast period (2024-2029).

• The industrialization of the silk industry coupled with various government schemes will boost the production of raw silk in the Asia-pacific region which in turn increase the production of silk yarn making the region to be the largest market during the forecast period.
• Caribbean countries such as Cuba and African Countries including Kenya are making an effort to boost their silk yarn production.The Government of Rwanda as well as has begun investing in the development of silk value chains, with the rising demand from Asia, the production of high-quality silk products offers strong export opportunities. To tap into growing global markets, Rwanda's National Agricultural Export Development Board (NAEB) has also partnered with HEWorks, a Korean silk manufacturer.
• The sector is a major provider to foreign exchange reserves in nations such as India which is why the government supports with various initiatives to boost the industry. In India, sericulture operations are distributed throughout 52,360 villages. The country uses raw materials to manufacture silk garments, made-ups, textiles, yarns, carpets, shawls, scarves, pillow coverings, and accessories.
• Countries such as India, China, the United States of America, Italy, France, Switzerland, Japan, Vietnam, the United Arab Emirates, the United Kingdom, Germany, and Korea are some of the major consumers of silk and silk products. The industrialization of the silk industry coupled with various government schemes will boost the production of raw silk in the Asia-pacific region which in turn increases the production of silk yarn, making the region to be the largest market during the forecast period.

Silk Yarn Industry Segmentation

Silk yarn is widely used in the textile industry to produce clothing such as socks, neckties, and dresses. They are also used in manufacturing home decor fabrics such as flowering curtains, comforters, and so on. The Global Silk Yarn Market is Segmented by Geography (United States, China, India, Thailand, Germany, Italy, United Kingdom, Brazil, and Tunisia). The Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers market estimation and forecast in value (USD thousand) and volume(metric ton).