The Global Silk production is 2,02,072 (In Metric Tons). Where china is the largest producer of silk, which accounts 1,70,000 (metric tons) and second largest producer is India, which accounts 28,523 (metric tons), and growing 10%-15% YOY globally.
• While coming to India, it has 4 type of silk, Mulberry silk, Muga silk, Eri
silk and tussar silk, where mulberry silk holds 90% of the Indian silk
contribution. India imports around 10,000 metric tons from china every
year, which is accountable and there are more is happening unaccountably.
• 85% of the products are used domestically and rests 15% are exported to
other countries. Todays average raw silk price per KG is 3,000 INR.
The global total market size of pure silk finished goods or products is
$50+ Billion (INR 3.25 Lakhs crores); and India’s share will be minimum
$7+ Billion (INR 45.5 thousand crores).
1)With continued growth in the industry, opportunities to serve the Indian
residents in domestic and international will increase. The company will sell to
individuals mainly women and for marriages and other occasions like
festivals, housewarming, many more for all good prospects.
2)For your information, approximately, in India 1 crore marriages (excluded remarriages) are happening every year. if we consider 40% of Indian marriages
who spends averagely INR1,00,000 (includes both groom and bride family) on
silk products, which account an impressive numbers. This is just for
marriages, if we consider for the casual sarees, dresses and other products, it
will reach more than expected.
E-Commerce in India is still nurturing comparing to other countries, but the
opportunities are immense in all the niche/vertical categories.