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بوابة أخبار اليوم
Ministerial Review of Silk Industry Data
The article discusses the silk industry, where the Center of Information and Decision Support presents a comprehensive report on the development and significance of this industry both globally and locally. It highlights that the silk industry is one of the most historic crafts that have elevated cultural heritage and artisanal innovation, closely linked to economic and social development—especially in rural areas. The report emphasizes its contribution to creating job opportunities and environmental sustainability. It shows that the silk industry has undergone recent technological transformations and that demand for luxury products is increasing, with the global market revenue expected to surpass $21 billion in 2025, and projected to reach around $33 billion by 2031. The report also notes that China and India lead global production, and that industry challenges are related to price fluctuations and production costs. However, technological advancements and opportunities for sustainable growth remain motivating factors for the industry. On a local level in Egypt, the silk industry contributes to supporting rural development, empowering women, and reducing dependency on imports through national projects and initiatives to localize the industry, including developing new farms and production facilities, ultimately aiming to enhance Egypt’s position in the global silk market.
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