Yarn, synthetic: filament, monofilament (less than 67 decitex), other than high tenacity or textured yarn, elastomeric, single, untwisted or twisted 50 turns or less per metre, not for retail sale, not sewing thread

In 2024, yarn, synthetic: filament, monofilament (less than 67 decitex), other than high tenacity or textured yarn, elastomeric, single, untwisted or twisted 50 turns or less per metre, not for retail sale, not sewing thread trade exhibited modest growth, with global flows reaching $1,527,030,877 and a three-year compound annual growth rate of -17.1% (five-year: +0.8%). The all-time peak of $2,676,602,825 was recorded in 2021; the current level is 43% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-17.5% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.139). The three largest exporters — Vietnam ($368.6M), China ($345.1M), and Singapore ($146.7M) — collectively dominate supply flows. The leading exporter has grown at -20.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.054). The three largest import markets are China ($248.8M), Bangladesh ($102.9M), and Türkiye ($88.8M). The largest importing market sources from 23 different supplying countries.

Estimated substitution elasticity: -19.61. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Vietnam → China at $115.8M, representing 46.6% of the importer's total demand.

The volatility score for yarn, synthetic: filament, monofilament (less than 67 decitex), other than high tenacity or textured yarn, elastomeric, single, untwisted or twisted 50 turns or less per metre, not for retail sale, not sewing thread is 14 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, modest but steady demand provides a reasonable entry window. 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.