Product intelligence · HS 550520 · 2024 data

Fibres: waste (including noils, yarn waste and garnetted stock), of artificial fibres

Global exports of fibres: waste (including noils, yarn waste and garnetted stock), of artificial fibres totalled $5,871,561 in 2024, a -0.7% change from the previous year. Traded by 60 countries across 246 bilateral corridors, with demand from 82 importing markets. The long-term trend is rapid decline.

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

Global trade

$5.9M

-0.7% YoY

3Y / 5Y CAGR

-10.3%

5Y: -20.0%

Supply structure

Diversified

HHI 0.095

Volatility

Low

Score 24/100

1.

Market movement

In 2024, fibres: waste (including noils, yarn waste and garnetted stock), of artificial fibres trade exhibited slight decline, with global flows reaching $5,871,561 and a three-year compound annual growth rate of -10.3% (five-year: -20.0%). The all-time peak of $38,581,287 was recorded in 2011; the current level is 85% below that high-water mark.

Over the 30-year observation window (19952024), 41% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (+0.9% acceleration).

The World Trade Flows Characterization classifies fibres: waste (including noils, yarn waste and garnetted stock), of artificial fibres 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 diversified (Herfindahl-Hirschman Index 0.095). The three largest exporters — Finland ($3.0M), Austria ($2.9M), and Spain ($1.9M) — collectively dominate supply flows. The leading exporter has grown at -58.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.088). The three largest import markets are India ($1.3M), Dominican Republic ($583.0K), and Canada ($521.9K). The largest importing market sources from 10 different supplying countries.

Estimated substitution elasticity: -22.78. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Austria → Italy at $1.2M, representing 52.4% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for fibres: waste (including noils, yarn waste and garnetted stock), of artificial fibres is 24 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.

Historical evidence

Annual trade value 19952024

Peak: $38,581,287 in 2011. Currently 85% below peak.

YearGlobal trade (USD)YoY growth
2015$16,804,033-12.7%
2016$17,611,507+4.8%
2017$19,654,162+11.6%
2018$20,330,590+3.4%
2019$17,923,304-11.8%
2020$14,240,140-20.5%
2021$8,131,914-42.9%
2022$9,559,192+17.6%
2023$5,910,309-38.2%
2024$5,871,561-0.7%

Top exporting countries

Ranked by export value of fibres: waste (including noils, yarn waste and garnetted stock), of artificial fibres in 2024.

View all 60 exporters →

Top importing markets

Largest import destinations for fibres: waste (including noils, yarn waste and garnetted stock), of artificial fibres.

View all 82 markets →

Leading trade corridors

Largest bilateral export flows for fibres: waste (including noils, yarn waste and garnetted stock), of artificial fibres, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1AustriaItaly$1.2M+9.3%
2FinlandSpain$907.8K-2.2%
3FinlandPoland$902.1K+88.1%
4South KoreaPhilippines$860.0K+697.1%
5IndonesiaIndia$752.6K+131.6%
6HondurasDominican Republic$583.0K-11.8%
7FinlandCanada$560.3K+693.1%
8SpainCanada$518.8K+8.0%

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.