Wood, tropical: dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated

In 2024, wood, tropical: dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated trade exhibited significant decline, with global flows reaching $13,036,718 and a three-year compound annual growth rate of -20.8% (five-year: +6.1%). The all-time peak of $292,893,148 was recorded in 1995; the current level is 96% below that high-water mark.

Over the 30-year observation window (1995–2024), 38% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (-0.2% acceleration).

The World Trade Flows Characterization classifies wood, tropical: dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.719). The three largest exporters — Malaysia ($11.6M), New Zealand ($4.0M), and Ghana ($3.5M) — collectively dominate supply flows. The leading exporter has grown at -20.6% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.276). The three largest import markets are India ($6.2M), Japan ($2.3M), and Poland ($1.1M). The largest importing market sources from 3 different supplying countries.

Estimated substitution elasticity: -49.52. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Malaysia → India at $6.2M, representing 99.9% of the importer's total demand.

The volatility score for wood, tropical: dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated is 27 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.