Natural gums, resins, gum-resins and oleoresins, n.e.c. in heading no. 1301

In 2024, natural gums, resins, gum-resins and oleoresins, n.e.c. in heading no. 1301 trade exhibited strong growth, with global flows reaching $558,846,103 and a three-year compound annual growth rate of -1.3% (five-year: +0.5%). The all-time peak of $661,266,984 was recorded in 2022; the current level is 15% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-3.4% acceleration).

The World Trade Flows Characterization classifies natural gums, resins, gum-resins and oleoresins, n.e.c. in heading no. 1301 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 0.085). The three largest exporters — Afghanistan ($115.2M), India ($74.4M), and Indonesia ($58.2M) — collectively dominate supply flows. The leading exporter has grown at +9.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.126). The three largest import markets are India ($180.2M), United States ($42.7M), and China ($38.3M). The largest importing market sources from 52 different supplying countries.

Estimated substitution elasticity: -5.04. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Afghanistan → India at $114.8M, representing 63.7% of the importer's total demand.

The volatility score for natural gums, resins, gum-resins and oleoresins, n.e.c. in heading no. 1301 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, strong demand tailwinds create a favourable entry environment. 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.