Jerseys, pullovers, cardigans, waistcoats and similar articles: of textile materials (other than wool or fine animal hair, cotton or man-made fibres), knitted or crocheted

In 2024, jerseys, pullovers, cardigans, waistcoats and similar articles: of textile materials (other than wool or fine animal hair, cotton or man-made fibres), knitted or crocheted trade exhibited significant decline, with global flows reaching $1,428,418,588 and a three-year compound annual growth rate of -2.2% (five-year: -1.5%). The all-time peak of $2,555,150,503 was recorded in 2006; the current level is 44% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (-0.2% acceleration).

The World Trade Flows Characterization classifies jerseys, pullovers, cardigans, waistcoats and similar articles: of textile materials (other than wool or fine animal hair, cotton or man-made 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 0.094). The three largest exporters — China ($289.1M), Italy ($217.4M), and Pakistan ($182.8M) — collectively dominate supply flows. The leading exporter has grown at +10.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.082). The three largest import markets are United States ($338.1M), United Kingdom ($98.6M), and Spain ($97.9M). The largest importing market sources from 102 different supplying countries.

Estimated substitution elasticity: -3.78. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → United States at $92.0M, representing 27.2% of the importer's total demand.

The volatility score for jerseys, pullovers, cardigans, waistcoats and similar articles: of textile materials (other than wool or fine animal hair, cotton or man-made fibres), knitted or crocheted is 10 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.