Wood, tropical: dark red meranti, light red meranti and meranti bakau, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, thicker than 6mm

In 2024, wood, tropical: dark red meranti, light red meranti and meranti bakau, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, thicker than 6mm trade exhibited modest growth, with global flows reaching $206,066,807 and a three-year compound annual growth rate of -10.5% (five-year: +0.8%). The all-time peak of $882,220,401 was recorded in 1995; the current level is 77% 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 decelerating (-6.8% acceleration).

The World Trade Flows Characterization classifies wood, tropical: dark red meranti, light red meranti and meranti bakau, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, thicker than 6mm 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 0.545). The three largest exporters — Malaysia ($152.6M), Sweden ($18.6M), and Myanmar ($16.0M) — collectively dominate supply flows. The leading exporter has grown at -8.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.078). The three largest import markets are Saudi Arabia ($34.6M), United Arab Emirates ($27.9M), and Netherlands ($26.5M). The largest importing market sources from 13 different supplying countries.

Estimated substitution elasticity: -20.37. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Malaysia → United Arab Emirates at $27.2M, representing 97.4% of the importer's total demand.

The volatility score for wood, tropical: dark red meranti, light red meranti and meranti bakau, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, thicker than 6mm is 19 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, modest but steady demand provides a reasonable entry window. 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.