Global Perspective on Silk: An Economic Analysis of International Sericulture Trade

Abstract

The global silk industry, with a rich historical legacy, continues to evolve amidst changing dynamics. This study examines the international sericulture trade, focusing on major producers like China, India, and Italy. It analyzes production trends, export-import scenarios, trade dynamics, and the role of tariffs. China emerges as the dominant player, while India exhibits potential for silk waste, fabrics, and garments. The study identifies challenges, including fluctuating demand, pests, and quality control issues, and highlights future prospects driven by sustainability, technological advancements, and luxury market growth. The review underscores silk's versatility and emphasizes the need for innovation, adaptation, and sustainable practices to ensure the industry's continued prosperity.