Fabrics: knitted or crocheted fabrics, other than those of heading 60.01 and 60.02, of a width not exceeding 30 cm, other than of wool and fine animal hair, cotton, synthetic or artificial 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, other than of wool and fine animal hair, cotton, synthetic or artificial fibres trade exhibited strong growth, with global flows reaching $22,086,395 and a three-year compound annual growth rate of -7.5% (five-year: -10.9%). The all-time peak of $46,877,973 was recorded in 2016; the current level is 53% 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 (-8.4% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.114). The three largest exporters — China ($5.1M), United Kingdom ($4.7M), and Syria ($4.1M) — collectively dominate supply flows. The leading exporter has grown at -15.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.090). The three largest import markets are Morocco ($4.4M), Vietnam ($3.7M), and Philippines ($2.0M). The largest importing market sources from 7 different supplying countries.

Estimated substitution elasticity: -5.91. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United Kingdom → Morocco at $3.9M, representing 89.9% 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, other than of wool and fine animal hair, cotton, synthetic or artificial fibres 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, 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.