Fabrics, woven: of jute or of other textile bast fibres of heading no. 5303, other than unbleached

In 2024, fabrics, woven: of jute or of other textile bast fibres of heading no. 5303, other than unbleached trade exhibited slight decline, with global flows reaching $23,593,479 and a three-year compound annual growth rate of -4.5% (five-year: +4.2%). The all-time peak of $50,574,648 was recorded in 2013; the current level is 53% below that high-water mark.

Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-3.3% acceleration).

The World Trade Flows Characterization classifies fabrics, woven: of jute or of other textile bast fibres of heading no. 5303, other than unbleached as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.127). The three largest exporters — Pakistan ($6.9M), Bangladesh ($5.2M), and China ($4.9M) — collectively dominate supply flows. The leading exporter has grown at -5.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.069). The three largest import markets are United States ($4.6M), India ($2.2M), and United Kingdom ($1.7M). The largest importing market sources from 31 different supplying countries.

Estimated substitution elasticity: -11.71. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Nepal → India at $2.2M, representing 99.1% of the importer's total demand.

The volatility score for fabrics, woven: of jute or of other textile bast fibres of heading no. 5303, other than unbleached 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 diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

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