Wood, tropical: virola, imbuia and balsa, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm

In 2024, wood, tropical: virola, imbuia and balsa, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm trade exhibited strong growth, with global flows reaching $197,599,471 and a three-year compound annual growth rate of +0.4% (five-year: +1.2%). The all-time peak of $409,288,217 was recorded in 2020; the current level is 52% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-3.1% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.363). The three largest exporters — Ecuador ($115.4M), Cameroon ($38.4M), and Poland ($23.2M) — collectively dominate supply flows. The leading exporter has grown at +11.0% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.173). The three largest import markets are China ($67.8M), India ($29.3M), and Denmark ($19.4M). The largest importing market sources from 6 different supplying countries.

Estimated substitution elasticity: -11.29. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Ecuador → China at $60.4M, representing 89.0% of the importer's total demand.

The volatility score for wood, tropical: virola, imbuia and balsa, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm is 17 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. 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.