Market movement
In 2024, fabrics: woven pile, of cotton, warp pile fabrics, other than fabrics of heading no. 5802 or 5806 trade exhibited significant decline, with global flows reaching $85,474,413 and a three-year compound annual growth rate of -1.7% (five-year: -1.7%). The all-time peak of $324,803,783 was recorded in 2008; the current level is 74% below that high-water mark.
Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (-0.2% acceleration).
