Fabrics, woven: dyed, of artificial staple fibres, n.e.c. in heading no. 5516

In 2024, fabrics, woven: dyed, of artificial staple fibres, n.e.c. in heading no. 5516 trade exhibited strong growth, with global flows reaching $394,490,671 and a three-year compound annual growth rate of +21.6% (five-year: +13.1%). The all-time peak of $394,490,671 was recorded in 2024.

Over the 30-year observation window (1995–2024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is strengthening (+12.3% acceleration).

The World Trade Flows Characterization classifies fabrics, woven: dyed, of artificial staple fibres, n.e.c. in heading no. 5516 as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.585). The three largest exporters — China ($300.8M), Spain ($21.0M), and Türkiye ($15.2M) — collectively dominate supply flows. The leading exporter has grown at +29.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.072). The three largest import markets are Bangladesh ($72.5M), Brazil ($48.2M), and Cambodia ($32.7M). The largest importing market sources from 8 different supplying countries.

Estimated substitution elasticity: -5.85. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Bangladesh at $72.0M, representing 99.3% of the importer's total demand.

The volatility score for fabrics, woven: dyed, of artificial staple fibres, n.e.c. in heading no. 5516 is 16 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. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

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