Lace: mechanically made, of man-made fibres in the piece, in strips or in motifs, (other than fabrics of headings 60.02 to 60.06)

In 2024, lace: mechanically made, of man-made fibres in the piece, in strips or in motifs, (other than fabrics of headings 60.02 to 60.06) trade exhibited significant decline, with global flows reaching $591,142,509 and a three-year compound annual growth rate of -7.5% (five-year: -5.0%). The all-time peak of $909,235,971 was recorded in 2014; the current level is 35% 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 decelerating (-3.3% acceleration).

The World Trade Flows Characterization classifies lace: mechanically made, of man-made fibres in the piece, in strips or in motifs, (other than fabrics of headings 60.02 to 60.06) as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.517). The three largest exporters — China ($421.1M), Thailand ($34.9M), and Hong Kong ($30.2M) — collectively dominate supply flows. The leading exporter has grown at -6.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.047). The three largest import markets are Bangladesh ($93.6M), Vietnam ($44.2M), and Sri Lanka ($34.4M). The largest importing market sources from 17 different supplying countries.

Estimated substitution elasticity: -3.35. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Bangladesh at $75.4M, representing 80.5% of the importer's total demand.

The volatility score for lace: mechanically made, of man-made fibres in the piece, in strips or in motifs, (other than fabrics of headings 60.02 to 60.06) is 7 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 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.