Qian Zhan Wang·2025-06-01 01:11Industry Overview - Silk is defined as a natural protein fiber, often referred to as the "queen of fibers" and "second skin," known for its luxurious appearance and skin-friendly properties, aligning with the trend of green consumption [1] - The silk industry in China has developed a complete industrial chain encompassing raw material supply, silk manufacturing, and product distribution [3][4] - Major silk products include raw silk, silk fabrics, and silk quilts, with the industry experiencing significant historical evolution from ancient times to modern-day [7][8] Industry Development Status - The silk market in China has shown fluctuations since 2020, with a slight decline in 2022 due to the pandemic and international consumption issues, but rebounded in 2023 with revenues reaching 724.2 billion yuan, a 9.0% increase year-on-year [13] - The production of silk quilts has decreased by 7.53%, while raw silk and satin production have increased by 3.79% and 6.25%, respectively [15] - The silk weaving and processing sector has the largest revenue share, with silk processing companies seeing a revenue increase of 11.36% in 2024 [16] Competitive Landscape - The silk industry is regionally concentrated, with upstream silk production primarily in Guangxi and manufacturing in Jiangsu and Zhejiang [19] - Jiaxin Silk is identified as the leading company in the industry, achieving a revenue of 3.817 billion yuan in 2024, marking a 6.41% growth [21] Future Trends and Predictions - The silk industry is expected to focus on technological innovation and industrial upgrades, with AI and smart production becoming increasingly prevalent [24] - Sustainable development is a key direction, driven by environmental policies and consumer demand for green products [24] - Brand building and market expansion are intensifying, with companies focusing on enhancing brand recognition and international competitiveness [24]