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

In 2024, fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of artificial fibres, of yarns of different colours trade exhibited strong growth, with global flows reaching $62,422,414 and a three-year compound annual growth rate of -3.0% (five-year: -4.6%). The all-time peak of $133,001,671 was recorded in 2016; the current level is 53% 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 steady (+2.5% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.381). The three largest exporters — China ($39.1M), Italy ($9.2M), and Germany ($2.9M) — collectively dominate supply flows. The leading exporter has grown at -4.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.068). The three largest import markets are Malaysia ($8.1M), India ($8.0M), and Bangladesh ($5.3M). The largest importing market sources from 7 different supplying countries.

Estimated substitution elasticity: -5.28. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Malaysia at $8.1M, representing 98.9% 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, of yarns of different colours 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.