Fabrics, woven: of acrylic or modacrylic staple fibres n.e.s. in chapter 55, mixed mainly or solely with wool or fine animal hair

In 2024, fabrics, woven: of acrylic or modacrylic staple fibres n.e.s. in chapter 55, mixed mainly or solely with wool or fine animal hair trade exhibited significant decline, with global flows reaching $23,811,856 and a three-year compound annual growth rate of -13.6% (five-year: -7.7%). The all-time peak of $72,299,494 was recorded in 2005; the current level is 67% below that high-water mark.

Over the 30-year observation window (1995–2024), 41% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-6.8% acceleration).

The World Trade Flows Characterization classifies fabrics, woven: of acrylic or modacrylic staple fibres n.e.s. in chapter 55, mixed mainly or solely with wool or fine animal hair as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.177). The three largest exporters — Italy ($8.9M), Vietnam ($4.9M), and China ($4.4M) — collectively dominate supply flows. The leading exporter has grown at -21.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.121). The three largest import markets are Bangladesh ($6.5M), Vietnam ($3.9M), and Morocco ($1.5M). The largest importing market sources from 8 different supplying countries.

Estimated substitution elasticity: -9.21. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Vietnam → Bangladesh at $4.6M, representing 71.4% of the importer's total demand.

The volatility score for fabrics, woven: of acrylic or modacrylic staple fibres n.e.s. in chapter 55, mixed mainly or solely with wool or fine animal hair is 11 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. 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.