Fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres

In 2024, fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres trade exhibited strong growth, with global flows reaching $1,942,540,425 and a three-year compound annual growth rate of -5.0% (five-year: +1.2%). The all-time peak of $2,266,572,012 was recorded in 2021; the current level is 14% 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 (-7.9% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.371). The three largest exporters — China ($1.2B), Taiwan ($178.9M), and Malaysia ($119.7M) — collectively dominate supply flows. The leading exporter has grown at -3.7% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.226). The three largest import markets are Cambodia ($842.2M), Vietnam ($293.3M), and Jordan ($168.6M). The largest importing market sources from 23 different supplying countries.

Estimated substitution elasticity: -6.24. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Cambodia at $689.4M, representing 81.9% 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,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres 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. 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.