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

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 synthetic fibres trade exhibited significant decline, with global flows reaching $201,834,797 and a three-year compound annual growth rate of -5.8% (five-year: +1.1%). The all-time peak of $241,392,897 was recorded in 2021; the current level is 16% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-6.4% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.178). The three largest exporters — Germany ($60.8M), China ($55.5M), and United States ($16.2M) — collectively dominate supply flows. The leading exporter has grown at +0.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.046). The three largest import markets are Italy ($29.2M), United States ($18.9M), and Vietnam ($12.3M). The largest importing market sources from 28 different supplying countries.

Estimated substitution elasticity: -6.20. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Germany → Italy at $28.0M, representing 95.7% 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 synthetic fibres is 3 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.