Garments: made up of knitted or crocheted rubberised textile fabrics, or fabrics otherwise impregnated, coated, covered or laminated

In 2024, garments: made up of knitted or crocheted rubberised textile fabrics, or fabrics otherwise impregnated, coated, covered or laminated trade exhibited significant decline, with global flows reaching $1,211,257,410 and a three-year compound annual growth rate of -3.7% (five-year: +2.7%). The all-time peak of $1,581,365,603 was recorded in 2022; the current level is 23% below that high-water mark.

Over the 30-year observation window (1995–2024), 79% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-5.9% acceleration).

The World Trade Flows Characterization classifies garments: made up of knitted or crocheted rubberised textile fabrics, or fabrics otherwise impregnated, coated, covered or laminated as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.113). The three largest exporters — China ($345.8M), United Arab Emirates ($116.5M), and Vietnam ($94.8M) — collectively dominate supply flows. The leading exporter has grown at -2.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.056). The three largest import markets are United States ($191.9M), Germany ($111.7M), and China ($97.9M). The largest importing market sources from 85 different supplying countries.

The dominant trade corridor is China → United States at $64.7M, representing 33.7% of the importer's total demand.

The volatility score for garments: made up of knitted or crocheted rubberised textile fabrics, or fabrics otherwise impregnated, coated, covered or laminated is 11 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.