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

In 2024, fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of artificial fibres, dyed trade exhibited strong growth, with global flows reaching $707,613,946 and a three-year compound annual growth rate of -3.9% (five-year: -3.7%). The all-time peak of $937,074,988 was recorded in 2011; the current level is 24% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-1.3% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.524). The three largest exporters — China ($511.0M), South Korea ($37.4M), and Türkiye ($26.5M) — collectively dominate supply flows. The leading exporter has grown at -2.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.061). The three largest import markets are Vietnam ($109.1M), Cambodia ($82.7M), and Bangladesh ($63.4M). The largest importing market sources from 16 different supplying countries.

Estimated substitution elasticity: -4.68. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Vietnam at $77.0M, representing 70.5% 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 artificial fibres, dyed 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 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.