Northern America's Woven Fabrics of Silk Market to Reach $8.5B by 2035 - News and Statistics - IndexBox

Jun 04, 2025

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IndexBox has just published a new report: Northern America - Woven Fabrics Of Silk Or Of Silk Waste - Market Analysis, Forecast, Size, Trends and Insights.

The demand for woven fabrics of silk or silk waste in Northern America is on the rise, with the market expected to continue growing over the next decade. By 2035, market volume is projected to reach 110M square meters, while market value is forecasted to increase to $8.5B. This growth is driven by a projected CAGR of +2.4% in volume and +2.9% in value from 2024 to 2035.

Driven by increasing demand for woven fabrics of silk or of silk waste in Northern America, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.4% for the period from 2024 to 2035, which is projected to bring the market volume to 110M square meters by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2024 to 2035, which is projected to bring the market value to $8.5B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of woven fabrics of silk or of silk waste in Northern America was estimated at 85M square meters, growing by 3.1% on the previous year. The total consumption volume increased at an average annual rate of +2.7% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the consumption volume increased by 5.4% against the previous year. The volume of consumption peaked in 2024 and is expected to retain growth in years to come.

The size of the silk fabric market in Northern America expanded slightly to $6.2B in 2024, with an increase of 3.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.8% from 2013 to 2024; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 9% against the previous year. The level of consumption peaked at $6.2B in 2019; afterwards, it flattened through to 2024.

The country with the largest volume of silk fabric consumption was the United States (84M square meters), accounting for 99.9% of total volume.

In the United States, silk fabric consumption expanded at an average annual rate of +2.7% over the period from 2013-2024.

In value terms, the United States ($6.2B) led the market, alone.

In the United States, the silk fabric market increased at an average annual rate of +1.8% over the period from 2013-2024.

In the United States, silk fabric per capita consumption expanded at an average annual rate of +2.1% over the period from 2013-2024.

In 2024, production of woven fabrics of silk or of silk waste increased by 3.3% to 82M square meters, rising for the second year in a row after two years of decline. The total output volume increased at an average annual rate of +2.6% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 5.3%. Over the period under review, production reached the maximum volume in 2024 and is expected to retain growth in the immediate term.

In value terms, silk fabric production stood at $6B in 2024 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.7% against the previous year. Over the period under review, production hit record highs at $6.2B in 2019; however, from 2020 to 2024, production remained at a lower figure.

The country with the largest volume of silk fabric production was the United States (82M square meters), accounting for 100% of total volume.

From 2013 to 2024, the average annual growth rate of volume in the United States totaled +2.6%.

In 2024, overseas purchases of woven fabrics of silk or of silk waste decreased by -10.5% to 2.6M square meters, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 441% against the previous year. The volume of import peaked at 4.1M square meters in 2022; however, from 2023 to 2024, imports remained at a lower figure.

In value terms, silk fabric imports fell to $43M in 2024. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2022 with an increase of 36%. Over the period under review, imports hit record highs at $147M in 2013; however, from 2014 to 2024, imports remained at a lower figure.

The United States dominates imports structure, recording 2.5M square meters, which was approx. 98% of total imports in 2024. Canada (44K square meters) held a relatively small share of total imports.

The United States was also the fastest-growing in terms of the woven fabrics of silk or of silk waste imports, with a CAGR of +7.7% from 2013 to 2024. Canada (-8.8%) illustrated a downward trend over the same period. The United States (+7.9 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -7.9% from 2013 to 2024, respectively.

In value terms, the United States ($39M) constitutes the largest market for imported woven fabrics of silk or of silk waste in Northern America, comprising 92% of total imports. The second position in the ranking was held by Canada ($3.3M), with a 7.7% share of total imports.

In the United States, silk fabric imports plunged by an average annual rate of -10.7% over the period from 2013-2024.

The import price in Northern America stood at $16 per square meter in 2024, picking up by 2.8% against the previous year. In general, the import price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2023 when the import price increased by 11% against the previous year. Over the period under review, import prices reached the maximum at $134 per square meter in 2018; however, from 2019 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($75 per square meter), while the United States amounted to $15 per square meter.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (-0.7%).

In 2024, the amount of woven fabrics of silk or of silk waste exported in Northern America contracted remarkably to 173K square meters, shrinking by -49.7% compared with the previous year. Overall, exports continue to indicate a slight setback. The growth pace was the most rapid in 2020 with an increase of 1,348% against the previous year. As a result, the exports attained the peak of 367K square meters. From 2021 to 2024, the growth of the exports remained at a lower figure.

In value terms, silk fabric exports reduced dramatically to $3M in 2024. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. As a result, the exports attained the peak of $12M. From 2018 to 2024, the growth of the exports remained at a lower figure.

The United States prevails in exports structure, accounting for 167K square meters, which was approx. 97% of total exports in 2024. Canada (5.6K square meters) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of woven fabrics of silk or of silk waste. Canada (-5.1%) illustrated a downward trend over the same period. The United States (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -1.9% from 2013 to 2024, respectively.

In value terms, the United States ($2.5M) remains the largest silk fabric supplier in Northern America, comprising 85% of total exports. The second position in the ranking was held by Canada ($454K), with a 15% share of total exports.

From 2013 to 2024, the average annual growth rate of value in the United States amounted to -11.8%.

In 2024, the export price in Northern America amounted to $17 per square meter, with an increase of 22% against the previous year. In general, the export price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2019 when the export price increased by 515% against the previous year. As a result, the export price reached the peak level of $214 per square meter. From 2020 to 2024, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($81 per square meter), while the United States amounted to $15 per square meter.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (-2.0%).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silk fabric market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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