Elastomeric monofilament: of 67 decitex or more and of which no cross-sectional dimension exceeds 1mm

In 2024, elastomeric monofilament: of 67 decitex or more and of which no cross-sectional dimension exceeds 1mm trade exhibited strong growth, with global flows reaching $103,213,796 and a three-year compound annual growth rate of -0.8% (five-year: +3.3%). The all-time peak of $250,964,810 was recorded in 2007; the current level is 59% 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 (-2.6% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.207). The three largest exporters — China ($43.7M), Japan ($13.5M), and Spain ($10.2M) — collectively dominate supply flows. The leading exporter has grown at +2.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.060). The three largest import markets are China ($17.1M), Italy ($12.6M), and Vietnam ($6.1M). The largest importing market sources from 26 different supplying countries.

Estimated substitution elasticity: -6.71. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Spain → Italy at $7.8M, representing 62.0% of the importer's total demand.

The volatility score for elastomeric monofilament: of 67 decitex or more and of which no cross-sectional dimension exceeds 1mm is 4 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, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

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