Wood: cherry (Prunus spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm

In 2024, wood: cherry (prunus spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm trade exhibited significant decline, with global flows reaching $108,213,159 and a three-year compound annual growth rate of -5.8% (five-year: -1.6%). The all-time peak of $180,388,917 was recorded in 2018; the current level is 40% below that high-water mark.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-7.0% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.903). The three largest exporters — United States ($104.9M), Canada ($4.1M), and Estonia ($1.7M) — collectively dominate supply flows. The leading exporter has grown at -4.2% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.781). The three largest import markets are China ($95.6M), Canada ($2.9M), and Mexico ($1.8M). The largest importing market sources from 11 different supplying countries.

Estimated substitution elasticity: -4.72. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is United States → China at $94.0M, representing 98.3% of the importer's total demand.

The volatility score for wood: cherry (prunus spp.), 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, 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.