Silk: woven fabrics, containing 85% or more by weight of silk or of silk waste other than noil silk

In 2024, silk: woven fabrics, containing 85% or more by weight of silk or of silk waste other than noil silk trade exhibited significant decline, with global flows reaching $608,590,718 and a three-year compound annual growth rate of -0.6% (five-year: -7.2%). The all-time peak of $1,924,083,942 was recorded in 2008; the current level is 68% below that high-water mark.

Over the 30-year observation window (1995–2024), 41% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is strengthening (+7.3% acceleration).

The World Trade Flows Characterization classifies silk: woven fabrics, containing 85% or more by weight of silk or of silk waste other than noil silk 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 0.264). The three largest exporters — China ($272.6M), Italy ($129.1M), and India ($70.5M) — collectively dominate supply flows. The leading exporter has grown at -1.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.057). The three largest import markets are Italy ($94.4M), United Arab Emirates ($49.6M), and France ($48.0M). The largest importing market sources from 41 different supplying countries.

The dominant trade corridor is China → Italy at $70.7M, representing 74.9% of the importer's total demand.

The volatility score for silk: woven fabrics, containing 85% or more by weight of silk or of silk waste other than noil silk is 9 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, contracting demand signals caution before committing resources. 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.