Plaiting materials: products of non-vegetable materials n.e.s. in heading no. 4601

In 2024, plaiting materials: products of non-vegetable materials n.e.s. in heading no. 4601 trade exhibited strong growth, with global flows reaching $149,039,070 and a three-year compound annual growth rate of -1.9% (five-year: +1.4%). The all-time peak of $157,940,134 was recorded in 2021; the current level is 6% below that high-water mark.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (-2.4% acceleration).

The World Trade Flows Characterization classifies plaiting materials: products of non-vegetable materials n.e.s. in heading no. 4601 as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.249). The three largest exporters — China ($66.3M), India ($28.4M), and Togo ($14.6M) — collectively dominate supply flows. The leading exporter has grown at +5.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.052). The three largest import markets are Vietnam ($22.6M), United States ($18.7M), and Netherlands ($6.8M). The largest importing market sources from 14 different supplying countries.

Estimated substitution elasticity: -5.78. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Vietnam at $22.3M, representing 98.7% of the importer's total demand.

The volatility score for plaiting materials: products of non-vegetable materials n.e.s. in heading no. 4601 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. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

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