Vegetable materials of a kind used primarily for plaiting: n.e.s. in heading no. 1401

In 2024, vegetable materials of a kind used primarily for plaiting: n.e.s. in heading no. 1401 trade exhibited modest growth, with global flows reaching $69,084,710 and a three-year compound annual growth rate of +1.1% (five-year: +4.0%). The all-time peak of $86,010,752 was recorded in 2022; the current level is 20% 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 (-2.0% acceleration).

The World Trade Flows Characterization classifies vegetable materials of a kind used primarily for plaiting: n.e.s. in heading no. 1401 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 0.139). The three largest exporters — China ($23.6M), Ethiopia ($22.4M), and Netherlands ($5.6M) — collectively dominate supply flows. The leading exporter has grown at +6.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.101). The three largest import markets are Netherlands ($17.9M), Germany ($7.2M), and France ($6.0M). The largest importing market sources from 42 different supplying countries.

Estimated substitution elasticity: -6.72. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Netherlands at $14.7M, representing 82.5% of the importer's total demand.

The volatility score for vegetable materials of a kind used primarily for plaiting: n.e.s. in heading no. 1401 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, modest but steady demand provides a reasonable entry window. 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.