Rattans used primarily for plaiting

In 2024, rattans used primarily for plaiting trade exhibited significant decline, with global flows reaching $44,529,838 and a three-year compound annual growth rate of +1.1% (five-year: +5.7%). The all-time peak of $97,239,207 was recorded in 1996; the current level is 54% below that high-water mark.

Over the 30-year observation window (1995–2024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (+0.8% acceleration).

The World Trade Flows Characterization classifies rattans used primarily for plaiting as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.153). The three largest exporters — China ($13.8M), Malaysia ($7.3M), and Singapore ($6.5M) — collectively dominate supply flows. The leading exporter has grown at +1.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.129). The three largest import markets are China ($14.3M), Spain ($4.5M), and Singapore ($2.9M). The largest importing market sources from 17 different supplying countries.

Estimated substitution elasticity: -9.54. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Malaysia → China at $4.7M, representing 33.2% of the importer's total demand.

The volatility score for rattans used primarily for plaiting is 12 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. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.