Earlier Report Observations
From 2018 to 2019, production of silkworm cocoons increased from 6 640 kg to 7 140 kg. This growth coincided with reinforced industrial policies that provided customized support for weaker sectors through R&D, tax incentives, and workforce training. In 2019, local governments' industrial development budget of KRW 5.8 trillion further stimulated production, enabling domestic output to nearly meet the entire market demand of around 7 140 kg and reducing imports to just 1 kg.
Production declined to 6 350 kg in 2020 and 6 260 kg in 2021. To maintain a stable market volume of approximately 7 146 kg, imports rose to 800 kg in 2020 and 889 kg in 2021. The industrial policy in 2020 focused on tailored support to secure competitiveness amid shifts in global value chains, which likely helped stabilize the sector during this period of lower domestic output.
Production recovered to 6 540 kg in 2022 and reached 6 870 kg in 2023. Imports correspondingly fell to 603 kg in 2022 and 272 kg in 2023, keeping the market volume steady at 7 142 kg. The market demonstrated a consistent pattern where import levels adjusted to balance fluctuations in domestic production, ensuring stable supply.
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. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, kg
- 7.1.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, kg
- 7.1.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, kg
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, $ US
- 7.1.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, $ US
- 7.1.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, kg
- 7.2.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, kg
- 7.2.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, kg
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, $ US
- 7.2.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, $ US
- 7.2.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, kg
- 8.1.2. In value, $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, kg
- 8.2.2. In value, $ 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 silkworm cocoons in South Korea
In kind, 2017-2020, kg
From 2017 to 2020, South Korea ranked as the 22nd largest producer of silkworm cocoons globally.
Top producers of silkworm cocoons, 2017-2020
World map of production of silkworm cocoons, 2017-2020
After two years of growth, South Korea's silkworm cocoon production declined. In 2020, the country produced 6 350 kg, which was 11.1% lower than the previous year. The peak production occurred in 2019 at 7 140 kg, marking a 7.5% increase from the prior year.
Annual dynamics of production in South Korea in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.1% | 7.5% | (11.1%) | (0.5%) |
Exports silkworm cocoons from South Korea
Exports in kind, kg
In 2020, South Korea exported 2.6 kg of silkworm cocoons, showing minimal change from 2019. Over the period from 2017 to 2020, exports fell by 80%, averaging an annual decline of 41.5%.
Annual dynamics of product's exports from South Korea in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | (41.5%) |
Between 2017 and 2020, South Korea's exports in kind were entirely concentrated in two countries: Russia and the United States, together accounting for 100.0% of total flows.
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, $ US
South Korea's exports of silkworm cocoons in value terms were relatively stable in 2020 at 18 US dollars, similar to 2019. From 2017 to 2020, exports dropped by 99.6%, with a compound annual growth rate of -84.4%.
Annual dynamics of product's exports from South Korea in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | (84.4%) |
From 2017 to 2020, South Korea's exports in value terms were almost entirely focused on Russia, which held a 99.6% 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 silkworm cocoons to South Korea
Imports in kind, kg
Import volumes showed significant fluctuations during this period. In 2019, imports hit a low of 1.0 kg, but surged to 800.0 kg in 2020, representing a dramatic increase of 79 900.0% from the previous year. This resulted in an 800-fold difference between the two years, with the largest decline of 99.8% recorded in 2019.
Annual dynamics of product's imports to South Korea in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (30.4%) | (99.8%) | 79 900.0% | 3.6% |
Throughout 2017–2020, China was the dominant source for South Korea's imports in kind, accounting for 98.6% of total flows.
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, $ US
The data indicates a volatile market with irregular changes. In 2019, imports reached a minimum of 27 US dollars, but jumped to 23 643 US dollars in 2020, an increase of 87 466.7% from the previous year. This created an 876-fold gap between the two years, with the largest decline of 99.9% occurring in 2019.
Annual dynamics of product's imports to South Korea in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (4.5%) | (99.9%) | 87 466.7% | 5.5% |
From 2017 to 2020, China dominated South Korea's imports in value terms, with a share of 99.4% of total flows.
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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