Plaiting materials, plaits and similar products of plaiting materials: mats, matting and screens, of rattan

In 2024, plaiting materials, plaits and similar products of plaiting materials: mats, matting and screens, of rattan trade exhibited strong growth, with global flows reaching $11,693,581 and a three-year compound annual growth rate of +6.0% (five-year: +16.9%). The all-time peak of $24,870,992 was recorded in 1995; the current level is 53% 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 (+0.9% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.318). The three largest exporters — Indonesia ($6.1M), China ($2.6M), and United Arab Emirates ($1.2M) — collectively dominate supply flows. The leading exporter has grown at +15.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.061). The three largest import markets are India ($2.0M), United States ($1.1M), and Italy ($935.3K). The largest importing market sources from 6 different supplying countries.

Estimated substitution elasticity: -4.45. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is Indonesia → India at $1.8M, representing 89.0% of the importer's total demand.

The volatility score for plaiting materials, plaits and similar products of plaiting materials: mats, matting and screens, of rattan is 6 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.