Suits: women\'s or girls\', of synthetic fibres, knitted or crocheted

In 2024, suits: women\'s or girls\', of synthetic fibres, knitted or crocheted trade exhibited significant decline, with global flows reaching $56,092,428 and a three-year compound annual growth rate of -17.3% (five-year: -5.2%). The all-time peak of $101,093,750 was recorded in 1997; the current level is 45% below that high-water mark.

Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-15.1% acceleration).

The World Trade Flows Characterization classifies suits: women\'s or girls\', of synthetic fibres, knitted or crocheted as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.098). The three largest exporters — China ($14.4M), Pakistan ($10.2M), and India ($7.1M) — collectively dominate supply flows. The leading exporter has grown at -12.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.047). The three largest import markets are United States ($7.6M), Spain ($4.7M), and United Kingdom ($4.0M). The largest importing market sources from 64 different supplying countries.

Estimated substitution elasticity: -5.31. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Pakistan → Iraq at $7.5M, representing 98.8% of the importer's total demand.

The volatility score for suits: women\'s or girls\', of synthetic fibres, knitted or crocheted is 16 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, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

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