Vegetable preparations: mushrooms other than of the genus Agaricus, prepared or preserved otherwise than by vinegar or acetic acid

In 2024, vegetable preparations: mushrooms other than of the genus agaricus, prepared or preserved otherwise than by vinegar or acetic acid trade exhibited significant decline, with global flows reaching $359,667,181 and a three-year compound annual growth rate of -18.9% (five-year: -9.1%). The all-time peak of $1,004,733,791 was recorded in 2022; the current level is 64% 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 decelerating (-20.7% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.323). The three largest exporters — China ($199.8M), Italy ($55.8M), and Spain ($21.9M) — collectively dominate supply flows. The leading exporter has grown at -27.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.059). The three largest import markets are Russia ($50.7M), Japan ($36.8M), and South Korea ($31.1M). The largest importing market sources from 11 different supplying countries.

Estimated substitution elasticity: -3.20. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Russia at $48.2M, representing 95.0% of the importer's total demand.

The volatility score for vegetable preparations: mushrooms other than of the genus agaricus, prepared or preserved otherwise than by vinegar or acetic acid is 37 out of 100, classified as low. Trade flows are moderately variable, typical for goods with seasonal or cyclical demand patterns.

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.