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

In 2024, wood, tropical: iroko, 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 $99,276,979 and a three-year compound annual growth rate of +12.2% (five-year: +7.6%). The all-time peak of $127,815,545 was recorded in 2004; the current level is 22% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+12.4% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.310). The three largest exporters — Cameroon ($55.1M), Ivory Coast ($6.2M), and Republic of the Congo ($5.6M) — collectively dominate supply flows. The leading exporter has grown at +14.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.082). The three largest import markets are Spain ($17.2M), Türkiye ($13.9M), and United Kingdom ($11.2M). The largest importing market sources from 21 different supplying countries.

Estimated substitution elasticity: -9.17. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Cameroon → Spain at $12.6M, representing 72.9% of the importer's total demand.

The volatility score for wood, tropical: iroko, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm is 11 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.