Product intelligence · HS 844610 · 2024 data

Weaving machines (looms): for weaving fabrics of a width 30cm or less

Global exports of weaving machines (looms): for weaving fabrics of a width 30cm or less totalled $79,258,921 in 2024, a -4.1% change from the previous year. Traded by 83 countries across 653 bilateral corridors, with demand from 133 importing markets. The long-term trend is declining.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$79.3M

-4.1% YoY

3Y / 5Y CAGR

-7.4%

5Y: -4.8%

Supply structure

Concentrated

HHI 0.289

Volatility

Low

Score 16/100

1.

Market movement

In 2024, weaving machines (looms): for weaving fabrics of a width 30cm or less trade exhibited slight decline, with global flows reaching $79,258,921 and a three-year compound annual growth rate of -7.4% (five-year: -4.8%). The all-time peak of $346,388,514 was recorded in 1995; the current level is 77% below that high-water mark.

Over the 30-year observation window (19952024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (-2.9% acceleration).

The World Trade Flows Characterization classifies weaving machines (looms): for weaving fabrics of a width 30cm or less as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is concentrated (Herfindahl-Hirschman Index 0.289). The three largest exporters — China ($37.0M), Switzerland ($34.2M), and Belgium ($10.9M) — collectively dominate supply flows. The leading exporter has grown at -5.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.052). The three largest import markets are India ($8.5M), Bangladesh ($8.0M), and Vietnam ($7.9M). The largest importing market sources from 13 different supplying countries.

Estimated substitution elasticity: -9.52. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Bangladesh at $5.7M, representing 70.8% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for weaving machines (looms): for weaving fabrics of a width 30cm or less is 16 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.

Historical evidence

Annual trade value 19952024

Peak: $346,388,514 in 1995. Currently 77% below peak.

YearGlobal trade (USD)YoY growth
2015$117,640,138-5.7%
2016$96,165,862-18.3%
2017$100,913,290+4.9%
2018$111,960,294+10.9%
2019$101,618,614-9.2%
2020$71,270,174-29.9%
2021$99,699,211+39.9%
2022$111,325,517+11.7%
2023$82,658,822-25.8%
2024$79,258,921-4.1%

Top exporting countries

Ranked by export value of weaving machines (looms): for weaving fabrics of a width 30cm or less in 2024.

View all 83 exporters →

Top importing markets

Largest import destinations for weaving machines (looms): for weaving fabrics of a width 30cm or less.

View all 133 markets →

Leading trade corridors

Largest bilateral export flows for weaving machines (looms): for weaving fabrics of a width 30cm or less, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1ChinaBangladesh$5.7M+7.2%
2ChinaVietnam$5.3M-19.9%
3ChinaIndia$4.7M-2.1%
4SwitzerlandTürkiye$3.6M-21.9%
5SwitzerlandGermany$3.0M-9.5%
6EstoniaTanzania$2.9M
7BelgiumAlgeria$2.7M-5.3%
8SwitzerlandPakistan$2.3M+366.1%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.