Basketwork, wickerwork and other articles: of bamboo, made directly to shape from plaiting materials or made up from goods of heading no. 4601

In 2024, basketwork, wickerwork and other articles: of bamboo, made directly to shape from plaiting materials or made up from goods of heading no. 4601 trade exhibited modest growth, with global flows reaching $202,446,781 and a three-year compound annual growth rate of -6.5% (five-year: +0.7%). The all-time peak of $311,690,359 was recorded in 2008; the current level is 35% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-5.8% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.273). The three largest exporters — China ($90.6M), Vietnam ($45.0M), and Mexico ($28.2M) — collectively dominate supply flows. The leading exporter has grown at -14.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.116). The three largest import markets are United States ($61.8M), France ($14.4M), and Japan ($12.6M). The largest importing market sources from 59 different supplying countries.

Estimated substitution elasticity: -6.58. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Mexico → United States at $27.8M, representing 45.0% of the importer's total demand.

The volatility score for basketwork, wickerwork and other articles: of bamboo, made directly to shape from plaiting materials or made up from goods of heading no. 4601 is 8 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, modest but steady demand provides a reasonable entry window. 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.