Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of oils, n.e.c. in heading no. 2306

In 2024, oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of oils, n.e.c. in heading no. 2306 trade exhibited significant decline, with global flows reaching $768,236,051 and a three-year compound annual growth rate of +16.8% (five-year: +17.1%). The all-time peak of $1,039,769,670 was recorded in 2023; the current level is 26% below that high-water mark.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is strengthening (+8.9% acceleration).

The World Trade Flows Characterization classifies oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of oils, n.e.c. in heading no. 2306 as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.324). The three largest exporters — Indonesia ($435.4M), India ($95.2M), and Argentina ($45.9M) — collectively dominate supply flows. The leading exporter has grown at +130.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.124). The three largest import markets are China ($228.6M), Italy ($94.0M), and Malaysia ($51.7M). The largest importing market sources from 14 different supplying countries.

Estimated substitution elasticity: -10.12. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Indonesia → China at $212.4M, representing 92.9% of the importer's total demand.

The volatility score for oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of oils, n.e.c. in heading no. 2306 is 13 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. 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.