Earlier Report Observations
South Korea's raw silk market volume contracted significantly, from 182 t in 2018 to 83 t in 2023. This decline was driven entirely by a steep and consistent fall in imports, which dropped from 184 t to 82 t over the same six-year period. Domestic production remained negligible at just 1 t each year, contributing little to the total supply.
The market's downward trajectory continued into 2024, with imports declining further to 67 t. Exports, which were minimal at 2.5 t in 2018, fell to zero from 2019 onward, reflecting the market's overall contraction and reduced trade activity for this commodity.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in South Korea
- 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, kg
- 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in South Korea
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/kg
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/kg
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/kg
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/kg
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production raw silk in South Korea
In kind, 2017-2020, kg
Globally, South Korea ranked as the 22nd largest producer of raw silk from 2017 to 2020.
Top producers of raw silk, 2017-2020
World map of production of raw silk, 2017-2020
In 2020, South Korea produced 1 000 kg of raw silk, maintaining the same level as in 2019. The most significant change occurred in 2018, with both the largest decline and increase recorded at 0.0%.
Annual dynamics of production in South Korea in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | - | - | - | - |
Exports raw silk from South Korea
Exports in kind, t
The market exhibited considerable volatility during this period. Export volumes fluctuated dramatically, with a peak of 2.5 t in 2018 and a low of 0.0 t in 2020, representing an 86-fold difference. In 2020, exports from South Korea fell sharply by 26.4% compared to 2019. The largest decline was observed in 2019 at 98.4%, while the largest increase occurred in 2018 at 748.4%.
Annual dynamics of product's exports from South Korea in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 748.4% | (98.4%) | (26.4%) | (53.8%) |
From 2017 to 2020, China and Thailand were the two leading markets for South Korea's raw silk exports, together accounting for 81.7% of the total volume. The remaining exports were distributed among a variety of other countries.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from South Korea in kind, 2017-2020
Exports in value, K $ US
The market showed high volatility over these years. The highest export value was recorded in 2018 at 148 K $ US, while the lowest was in 2020 at 3 K $ US, with a peak-to-trough ratio of 43 times. In 2020, South Korea's raw silk exports contracted sharply by 76.7% year-over-year. The largest decline occurred in 2019 at 90.0%, and the largest increase was in 2018 at 135.6%.
Annual dynamics of product's exports from South Korea in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 135.6% | (90.0%) | (76.7%) | (62.0%) |
Between 2017 and 2020, Thailand was the dominant buyer of raw silk from South Korea in value terms, representing 81.7% of total exports. Other countries accounted for the remaining share.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from South Korea in value, 2017-2020
Imports raw silk to South Korea
Imports in kind, t
South Korea's raw silk imports declined for the third consecutive year. In 2020, imports reached 112.5 t, down 18.5% from 2019. Over the 2017-2020 period, imports decreased by 58.4%, with a compound annual growth rate of -25.4%.
Annual dynamics of product's imports to South Korea in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (32.2%) | (24.8%) | (18.5%) | (25.4%) |
From 2017 to 2020, China was the primary source for South Korea's raw silk imports in volume, accounting for 84.8% of the total. The rest was sourced from various smaller markets.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to South Korea in kind, 2017-2020
Imports in value, K $ US
South Korea's raw silk imports fell for the third year in a row. In 2020, imports totaled 5 686 K $ US, a 26.2% decrease compared to 2019. Between 2017 and 2020, imports dropped by 62%, equivalent to an annualized rate of -27.6%.
Annual dynamics of product's imports to South Korea in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (15.0%) | (39.4%) | (26.2%) | (27.6%) |
During 2017-2020, China accounted for 85.8% of South Korea's raw silk imports by value. The remaining imports were spread across multiple smaller trading partners.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to South Korea in value, 2017-2020
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