Plaiting materials, plaits and similar products of plaiting materials: (not mats, matting or screens), of rattan

In 2024, plaiting materials, plaits and similar products of plaiting materials: (not mats, matting or screens), of rattan trade exhibited strong growth, with global flows reaching $11,712,452 and a three-year compound annual growth rate of +1.2% (five-year: +9.6%). The all-time peak of $14,408,646 was recorded in 2022; the current level is 19% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-7.6% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.392). The three largest exporters — China ($7.1M), United Arab Emirates ($2.7M), and Indonesia ($1.6M) — collectively dominate supply flows. The leading exporter has grown at -0.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.049). The three largest import markets are Spain ($1.2M), India ($1.2M), and United Kingdom ($805.2K). The largest importing market sources from 18 different supplying countries.

Estimated substitution elasticity: -4.71. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is United Arab Emirates → Iran at $1.9M, representing 99.8% of the importer's total demand.

The volatility score for plaiting materials, plaits and similar products of plaiting materials: (not mats, matting or screens), of rattan 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, 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.