Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Singapore - 2023

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Singapore (FOB) - 2022
2. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Singapore

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Singapore (FOB) - 2022

In 2021, the average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $32,241 per ton, therefore, remained relatively stable against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when the average export price decreased by -11.7%. The export price peaked at $65,429 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($45,266 per ton), while the average price for exports to the UK amounted to $31,467 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+30.9%).

Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Singapore

In 2021, the amount of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s exported from Singapore was estimated at 1.1 tons, therefore, remained relatively stable against 2020 figures. Over the period under review, exports saw a dramatic decrease. The smallest decline of 99.9% was in 2020.

In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s totaled $34K in 2021. Overall, exports posted a remarkable increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in the near future.

Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from Singapore in 2022:

1. United Kingdom (986.0 kg)
2. Malaysia (64.0 kg)

Source: IndexBox Market Intelligence Platform