Fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed

In 2024, fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed trade exhibited strong growth, with global flows reaching $4,609,423,165 and a three-year compound annual growth rate of -5.3% (five-year: +0.4%). The all-time peak of $5,420,730,774 was recorded in 2021; the current level is 15% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-6.3% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.209). The three largest exporters — China ($1.9B), Türkiye ($575.3M), and Vietnam ($490.7M) — collectively dominate supply flows. The leading exporter has grown at -7.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.092). The three largest import markets are Vietnam ($1.1B), Cambodia ($521.0M), and Nicaragua ($308.1M). The largest importing market sources from 37 different supplying countries.

Estimated substitution elasticity: -6.01. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Vietnam at $799.7M, representing 69.7% 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 cotton, dyed is 8 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. 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.