Silk & Fiber Market: Trends, Prices & Forecast

Silk is one of the most famous materials historically used in the making of sophisticated textiles. Even with the onslaught of synthetic fibres, silk remains an important commodity in global textile trade. It is prized for its shiny and soft qualities, making it popular in the manufacture of luxurious clothing.

Silk is also characterized by its durability, absorbency, low conductivity, and dust-repellent properties. Due to this silk has a wide range of textile applications, spanning from shirts and formal dresses to lingerie and pyjamas. The light-refracting nature of silk means it is used heavily in high-end clothing, such as formal dresses, robes, dress suits, and more.

Home textile uses for silk include upholstery, rugs, and wall hangings. Silk is often combined with material like cotton to make even more durable textiles. Silk fibre is also used to make glossy fabrics such as satin, chiffon, and taffeta.

Silk production had its origins in China and the country continues to be the leader even today. Overall, Asia is the powerhouse in silk production, with India the second-largest producer and countries such as Thailand and Uzbekistan also producing significant amounts. Outside of Asia, Brazil is a major producer while countries like Ethiopia and Bulgaria are also seeing greater silk production.

TexPro provides unparalleled access to silk pricing data. With this tool, textile organizations can get access to not only raw silk pricing information, but also pricing data related to dried cocoon and seed cocoon. It is thus a helpful tool for everyone along the silk supply chain, from manufacturers to retailers.

TexPro is updated with prices for raw silk, dried cocoons, and seed cocoons on the daily. Further, historical pricing data is also provided, and projections are made for price changes for up to a year from the present month. It is a one-stop solution for sourcing teams looking to perform pricing analysis and aid data-based decision-making.

Rising labour costs, climate change, demand & supply fluctuations, and economic conditions in major production countries like China & India affect silk prices. Silk has also come under scrutiny of animal welfare organizations, due to its process involving the killing of larvae inside the cocoons. However, the unparalleled sheen and gloss provided by silk makes it an important component of the textile and apparel industries.