Fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of wool or fine animal hair

In 2024, fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of wool or fine animal hair trade exhibited significant decline, with global flows reaching $252,985,800 and a three-year compound annual growth rate of +13.8% (five-year: +7.3%). The all-time peak of $289,678,173 was recorded in 2023; the current level is 13% 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 (+12.4% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.215). The three largest exporters — Italy ($106.4M), Denmark ($32.8M), and China ($30.6M) — collectively dominate supply flows. The leading exporter has grown at +24.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.051). The three largest import markets are Tunisia ($28.9M), Croatia ($25.3M), and Poland ($17.0M). The largest importing market sources from 12 different supplying countries.

Estimated substitution elasticity: -5.77. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Italy → Tunisia at $28.4M, representing 98.2% of the importer's total demand.

The volatility score for fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of wool or fine animal hair is 6 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.