Fabrics: knitted or crocheted fabrics, other than those of heading 60.01 and 60.02, of a width not exceeding 30 cm, of cotton

In 2024, fabrics: knitted or crocheted fabrics, other than those of heading 60.01 and 60.02, of a width not exceeding 30 cm, of cotton trade exhibited strong growth, with global flows reaching $40,769,097 and a three-year compound annual growth rate of -14.5% (five-year: -3.6%). The all-time peak of $95,834,165 was recorded in 2002; the current level is 57% 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 decelerating (-11.1% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.145). The three largest exporters — China ($21.1M), Spain ($4.9M), and Taiwan ($4.2M) — collectively dominate supply flows. The leading exporter has grown at -25.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.082). The three largest import markets are Myanmar ($9.7M), Jordan ($4.4M), and Indonesia ($2.4M). The largest importing market sources from 11 different supplying countries.

Estimated substitution elasticity: -5.96. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Myanmar at $7.0M, representing 72.2% of the importer's total demand.

The volatility score for fabrics: knitted or crocheted fabrics, other than those of heading 60.01 and 60.02, of a width not exceeding 30 cm, of cotton 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, strong demand tailwinds create a favourable entry environment. 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.