Slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620

In 2024, slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620 trade exhibited strong growth, with global flows reaching $1,614,270,970 and a three-year compound annual growth rate of +8.0% (five-year: +3.1%). The all-time peak of $4,070,064,935 was recorded in 2011; the current level is 60% 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 strengthening (+14.5% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.160). The three largest exporters — Canada ($478.2M), Finland ($445.5M), and Norway ($201.2M) — collectively dominate supply flows. The leading exporter has grown at +2.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.143). The three largest import markets are Sweden ($441.9M), United States ($337.8M), and Japan ($150.0M). The largest importing market sources from 23 different supplying countries.

Estimated substitution elasticity: -48.88. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Finland → Sweden at $435.7M, representing 98.6% of the importer's total demand.

The volatility score for slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620 is 5 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. 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.