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

In 2024, fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of synthetic fibres, dyed trade exhibited strong growth, with global flows reaching $7,398,266,759 and a three-year compound annual growth rate of +2.2% (five-year: +3.4%). The all-time peak of $7,855,804,113 was recorded in 2022; the current level is 6% below that high-water mark.

Over the 30-year observation window (1995–2024), 76% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (-2.1% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.474). The three largest exporters — China ($5.0B), Taiwan ($661.6M), and South Korea ($293.3M) — collectively dominate supply flows. The leading exporter has grown at +6.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.053). The three largest import markets are Vietnam ($1.4B), Cambodia ($515.5M), and Bangladesh ($501.0M). The largest importing market sources from 51 different supplying countries.

Estimated substitution elasticity: -6.43. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Vietnam at $801.6M, representing 59.0% 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 synthetic fibres, dyed is 5 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 concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.