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

In 2024, basketwork, wickerwork and other articles: of rattan, made directly to shape from plaiting materials or made up from goods of heading no. 4601 trade exhibited strong growth, with global flows reaching $192,578,664 and a three-year compound annual growth rate of -6.9% (five-year: +0.5%). The all-time peak of $240,705,516 was recorded in 2022; the current level is 20% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-9.1% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.191). The three largest exporters — Indonesia ($53.5M), China ($47.0M), and Vietnam ($41.8M) — collectively dominate supply flows. The leading exporter has grown at -8.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.110). The three largest import markets are United States ($53.8M), Netherlands ($18.1M), and United Kingdom ($15.4M). The largest importing market sources from 56 different supplying countries.

Estimated substitution elasticity: -2.54. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → United States at $16.6M, representing 30.8% of the importer's total demand.

The volatility score for basketwork, wickerwork and other articles: of rattan, made directly to shape from plaiting materials or made up from goods of heading no. 4601 is 13 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.