Wood, tropical: dark red meranti, light red meranti, meranti bakau, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, not thicker than 6mm

In 2024, wood, tropical: dark red meranti, light red meranti, meranti bakau, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, not thicker than 6mm trade exhibited significant decline, with global flows reaching $27,413,177 and a three-year compound annual growth rate of -6.8% (five-year: -6.0%). The all-time peak of $105,966,974 was recorded in 2008; the current level is 74% below that high-water mark.

Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+0.6% acceleration).

The World Trade Flows Characterization classifies wood, tropical: dark red meranti, light red meranti, meranti bakau, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, not thicker than 6mm as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.092). The three largest exporters — India ($6.5M), United States ($5.5M), and Finland ($5.1M) — collectively dominate supply flows. The leading exporter has grown at -8.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.095). The three largest import markets are Denmark ($6.0M), India ($3.0M), and China ($2.9M). The largest importing market sources from 10 different supplying countries.

Estimated substitution elasticity: -11.28. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Finland → Saudi Arabia at $2.6M, representing 51.1% of the importer's total demand.

The volatility score for wood, tropical: dark red meranti, light red meranti, meranti bakau, sheets for veneer or plywood, other wood sawn lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, not 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 diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.