Wood: shingles and shakes

In 2024, wood: shingles and shakes trade exhibited significant decline, with global flows reaching $292,760,175 and a three-year compound annual growth rate of -3.2% (five-year: +7.1%). The all-time peak of $409,492,182 was recorded in 2022; the current level is 29% 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 (-4.6% acceleration).

The World Trade Flows Characterization classifies wood: shingles and shakes 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 0.657). The three largest exporters — Canada ($238.1M), United States ($21.5M), and China ($9.2M) — collectively dominate supply flows. The leading exporter has grown at -2.5% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.608). The three largest import markets are United States ($227.3M), Canada ($16.2M), and Malaysia ($6.6M). The largest importing market sources from 14 different supplying countries.

Estimated substitution elasticity: -3.92. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is Canada → United States at $224.4M, representing 98.7% of the importer's total demand.

The volatility score for wood: shingles and shakes is 15 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.