In 2023, the market size volume for shawls, scarves, mufflers, mantillas, veils, and similar items made of silk or silk waste in Germany stood at a reference point, initiating a forecast of successive declines. From 2024 to 2028, a significant downward trend is observed. There is a negative growth forecast with each year exhibiting a sharp decrease in market volume, moving from a decline of 18.3% in 2025 to 24.9% in 2028, resulting in a compound annual growth rate (CAGR) of -26% over these years.
Future trends to watch for:
- Shifts toward sustainable and eco-friendly textile alternatives may continue to pressure traditional silk demand.
- Consumer preferences changing due to cultural shifts and fashion trends could further impact silk product markets.
- Technological advancements and innovations in fabric manufacturing might introduce competitive materials to silk.