Iron or steel: knitting needles, bodkins, crochet hooks and similar articles, for use in the hand, n.e.s. in heading no. 7319

In 2024, iron or steel: knitting needles, bodkins, crochet hooks and similar articles, for use in the hand, n.e.s. in heading no. 7319 trade exhibited slight decline, with global flows reaching $226,225,075 and a three-year compound annual growth rate of +5.7% (five-year: +6.9%). The all-time peak of $229,242,428 was recorded in 2023; the current level is 1% 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 (+1.4% acceleration).

The World Trade Flows Characterization classifies iron or steel: knitting needles, bodkins, crochet hooks and similar articles, for use in the hand, n.e.s. in heading no. 7319 as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.252). The three largest exporters — China ($107.6M), United States ($25.9M), and Malaysia ($13.5M) — collectively dominate supply flows. The leading exporter has grown at +11.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.038). The three largest import markets are United States ($21.8M), Malaysia ($17.6M), and Dominican Republic ($15.5M). The largest importing market sources from 57 different supplying countries.

The dominant trade corridor is United States → Dominican Republic at $14.5M, representing 93.6% of the importer's total demand.

The volatility score for iron or steel: knitting needles, bodkins, crochet hooks and similar articles, for use in the hand, n.e.s. in heading no. 7319 is 3 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 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.