Fabrics: warp knit (including those made on galloon knitting machines), other than those of headings 60.01 to 60.04, of artificial fibres, of yarns of different colours

In 2024, fabrics: warp knit (including those made on galloon knitting machines), other than those of headings 60.01 to 60.04, of artificial fibres, of yarns of different colours trade exhibited significant decline, with global flows reaching $3,732,206 and a three-year compound annual growth rate of +15.9% (five-year: -16.7%). The all-time peak of $21,278,622 was recorded in 2005; the current level is 82% 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 strengthening (+19.1% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.194). The three largest exporters — China ($3.2M), Bangladesh ($984.7K), and Canada ($688.0K) — collectively dominate supply flows. The leading exporter has grown at +54.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.113). The three largest import markets are Belarus ($883.0K), Philippines ($646.6K), and Russia ($615.2K). The largest importing market sources from 7 different supplying countries.

Estimated substitution elasticity: -6.78. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Bangladesh at $894.9K, representing 52.3% of the importer's total demand.

The volatility score for fabrics: warp knit (including those made on galloon knitting machines), other than those of headings 60.01 to 60.04, of artificial fibres, of yarns of different colours is 12 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.