Seaweeds and other algae: fit for human consumption, fresh, chilled, frozen or dried, whether or not ground

In 2024, seaweeds and other algae: fit for human consumption, fresh, chilled, frozen or dried, whether or not ground trade exhibited strong growth, with global flows reaching $1,025,985,737 and a three-year compound annual growth rate of +10.1% (five-year: +5.9%). The all-time peak of $1,025,985,737 was recorded in 2024.

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 strengthening (+4.5% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.288). The three largest exporters — South Korea ($472.4M), China ($211.5M), and Indonesia ($184.5M) — collectively dominate supply flows. The leading exporter has grown at +22.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.131). The three largest import markets are Japan ($257.7M), China ($215.4M), and Thailand ($92.1M). The largest importing market sources from 26 different supplying countries.

The dominant trade corridor is Indonesia → China at $159.6M, representing 74.1% of the importer's total demand.

The volatility score for seaweeds and other algae: fit for human consumption, fresh, chilled, frozen or dried, whether or not ground is 4 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.