Silk: yarn spun from silk waste, not put up for retail sale

In 2024, silk: yarn spun from silk waste, not put up for retail sale trade exhibited modest growth, with global flows reaching $90,382,227 and a three-year compound annual growth rate of +1.9% (five-year: +2.4%). The all-time peak of $269,890,606 was recorded in 2006; the current level is 67% below that high-water mark.

Over the 30-year observation window (1995–2024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is strengthening (+5.6% acceleration).

The World Trade Flows Characterization classifies silk: yarn spun from silk waste, not put up for retail sale as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.584). The three largest exporters — China ($69.7M), Italy ($10.1M), and Switzerland ($2.8M) — collectively dominate supply flows. The leading exporter has grown at +2.1% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.175). The three largest import markets are Italy ($34.1M), Japan ($10.3M), and India ($9.4M). The largest importing market sources from 19 different supplying countries.

Estimated substitution elasticity: -9.65. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Italy at $30.3M, representing 88.9% of the importer's total demand.

The volatility score for silk: yarn spun from silk waste, not put up for retail sale is 3 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.