In the first half of 2023, China’s dried cocoon industry experienced fluctuating market sentiments. Prices surged in Q1 due to increased demand fuelled by the Lunar New Year Holiday and a resurgence in traditional silk clothing interest, both locally and internationally. However, prices plummeted in Q2 due to reduced summer-appropriate fabric demand, resulting in excess inventory.

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Definition

Dried cocoons are the hardened casings spun by certain insects, particularly silkworms, during their pupal stage. These cocoons are made from silk proteins secreted by the larvae to form a protective enclosure while they undergo metamorphosis. After the larvae complete their transformation into moths or butterflies, the cocoons are harvested, and the silk fibers are often extracted for various purposes, such as textile production. Dried cocoons can also be used for crafts, decorations, or even as a source of nutrients in some cultures.

Key Details About the Dried Cocoons Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Dried Cocoons in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Dried Cocoons Price Trend, including India Dried Cocoons price, USA Dried Cocoons price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Dried Cocoons Price Trend:

Industrial uses can significantly impact the price trend of dried cocoons, especially in the context of silk production. Here’s how:

1. Silk Production Demand: Dried cocoons are primarily used in silk production. The demand for silk, both traditional and industrial, affects the price of dried cocoons. As industries require more silk for various applications like textiles, medical sutures, and cosmetics, the demand for dried cocoons increases, leading to higher prices.
2. Textile Industry: The textile industry is a major consumer of silk. As the textile industry grows, driven by factors such as fashion trends, economic growth, and technological advancements, the demand for silk increases. This uptick in demand can put pressure on the supply of dried cocoons, consequently affecting their prices.
3. Technological Advancements: Advancements in processing technologies can impact the price of dried cocoons. Innovations that improve the efficiency of silk extraction from cocoons or enhance the quality of silk fibers can influence the overall production costs. If these technologies lead to cost savings or higher-quality silk, it may affect the price trend of dried cocoons.
4. Substitution and Competition: The availability of alternative materials and competition from synthetic fibers can also influence the demand for silk and, consequently, the price of dried cocoons. If substitutes for silk become more popular or if synthetic fibers become more cost-effective compared to silk, it can dampen the demand for dried cocoons and exert downward pressure on prices.
5. Global Supply Chain Dynamics: Factors such as weather conditions, geopolitical events, trade policies, and exchange rates can affect the global supply chain of silk production. Any disruptions or changes in these factors can impact the availability and cost of dried cocoons, leading to fluctuations in prices.
6. Environmental and Ethical Concerns: Increasing awareness of environmental and ethical issues associated with silk production, such as the use of pesticides on mulberry trees (the primary food source for silkworms) and animal welfare concerns, can influence consumer preferences and industry practices. This, in turn, may affect the demand for silk and dried cocoons, influencing their price trend.
7. Government Regulations and Subsidies: Government regulations related to silk production, trade policies, and subsidies can affect the cost of production and trade of dried cocoons. For example, subsidies provided to silk farmers or tariffs on imported silk products can impact the competitiveness of dried cocoons in the market and influence their prices.

Overall, the price trend of dried cocoons is subject to a complex interplay of factors related to supply and demand dynamics, technological advancements, market competition, and regulatory environment within the silk industry and the broader global economy.

Key Players:

Dried cocoons primarily refer to the cocoons of silkworms used in the production of silk. These cocoons are a crucial component in the silk industry, which is an ancient and still thriving sector of the textile industry. Here are some key players involved in the market of dried cocoons, focusing on different aspects of the supply chain from production to processing and trading:

1. Silkworm Farmers: These are the producers at the very beginning of the supply chain. They cultivate silkworms, feeding them mulberry leaves until they spin silk cocoons. The health and quality of these cocoons are critical for high-quality silk.
2. Silk Processors: Once the cocoons are harvested, they are typically sold to processing units where the silk is extracted. This involves cooking the cocoons to soften the sericin (the protein that holds the silk together), and then unwinding the silk filaments. This process is known as reeling.
3. Silk Reeling Units: These are specialized units within the processing stage where the silk threads are extracted from the cocoons. They require skilled workers and specific technology to ensure that the threads are not broken during the process.
4. Silk Exporters/Traders: Given that silk is a luxury product with significant demand in international markets, traders and exporters play a crucial role. They manage the distribution of silk from countries primarily producing silk (like China and India) to markets in Europe, America, and other regions.
5. Research and Development Institutions: These entities focus on improving silk production through genetic research on silkworms, advancements in farming techniques, and better processing technologies. Examples include the Central Silk Board in India and various agricultural universities in China.
6. Government and Regulatory Bodies: These organizations regulate the industry, set quality standards, and sometimes provide subsidies and support to silk farmers. They ensure that the industry remains sustainable and competitive.
7. Fashion and Textile Companies: At the end of the silk supply chain, these companies transform the silk threads into fabrics and garments, which are then sold to consumers around the world.

Key countries involved in the production and export of silk include:

• China: The largest producer of silk in the world, contributing to over 60% of the global output.
• India: The second-largest producer of silk and the largest consumer of silk products.
• Brazil, Uzbekistan, and Thailand: Other notable producers of silk, each with their own domestic and export markets.

The silk industry is also influenced by trends in fashion, sustainability concerns, and technological advancements in textile production. As demand for natural and sustainable fabrics increases, the industry is seeing new opportunities and challenges.

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