Lace: mechanically made, of textile materials, (other than man-made fibres), in the piece, in strips or motifs, (other than fabrics of heading no. 6002)

In 2024, lace: mechanically made, of textile materials, (other than man-made fibres), in the piece, in strips or motifs, (other than fabrics of heading no. 6002) trade exhibited significant decline, with global flows reaching $140,128,132 and a three-year compound annual growth rate of -6.2% (five-year: -5.6%). The all-time peak of $311,653,686 was recorded in 2016; the current level is 55% below that high-water mark.

Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+1.2% acceleration).

The World Trade Flows Characterization classifies lace: mechanically made, of textile materials, (other than man-made fibres), in the piece, in strips or motifs, (other than fabrics of heading no. 6002) 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 0.385). The three largest exporters — China ($86.3M), France ($7.9M), and Türkiye ($7.2M) — collectively dominate supply flows. The leading exporter has grown at -4.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.063). The three largest import markets are Vietnam ($26.5M), Sri Lanka ($12.3M), and Cambodia ($8.8M). The largest importing market sources from 22 different supplying countries.

Estimated substitution elasticity: -2.43. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Vietnam at $21.1M, representing 79.9% of the importer's total demand.

The volatility score for lace: mechanically made, of textile materials, (other than man-made fibres), in the piece, in strips or motifs, (other than fabrics of heading no. 6002) is 10 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.