Plaiting materials, plaits and similar products of plaiting materials: mats, matting and screens, of vegetable materials other than bamboo or rattan

In 2024, plaiting materials, plaits and similar products of plaiting materials: mats, matting and screens, of vegetable materials other than bamboo or rattan trade exhibited significant decline, with global flows reaching $145,405,896 and a three-year compound annual growth rate of -11.5% (five-year: -3.0%). The all-time peak of $261,111,864 was recorded in 2012; the current level is 44% below that high-water mark.

Over the 30-year observation window (1995–2024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-8.1% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.441). The three largest exporters — China ($95.9M), Germany ($7.1M), and Vietnam ($6.6M) — collectively dominate supply flows. The leading exporter has grown at -12.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.116). The three largest import markets are Japan ($41.0M), United States ($17.0M), and France ($12.5M). The largest importing market sources from 12 different supplying countries.

Estimated substitution elasticity: -4.12. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Japan at $40.6M, representing 99.1% of the importer's total demand.

The volatility score for plaiting materials, plaits and similar products of plaiting materials: mats, matting and screens, of vegetable materials other than bamboo or rattan is 14 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.