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

In 2024, basketwork, wickerwork and other articles: of non-vegetable materials, made directly to shape from plaiting materials or made up from goods of heading no. 4601 trade exhibited strong growth, with global flows reaching $656,254,692 and a three-year compound annual growth rate of -4.3% (five-year: +4.3%). The all-time peak of $749,349,781 was recorded in 2021; the current level is 12% below that high-water mark.

Over the 30-year observation window (1995–2024), 76% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-9.1% acceleration).

The World Trade Flows Characterization classifies basketwork, wickerwork and other articles: of non-vegetable materials, made directly to shape from plaiting materials or made up from goods of heading no. 4601 as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.256). The three largest exporters — China ($293.6M), India ($132.9M), and Vietnam ($71.3M) — collectively dominate supply flows. The leading exporter has grown at -2.7% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.186). The three largest import markets are United States ($273.8M), Germany ($30.0M), and United Kingdom ($27.7M). The largest importing market sources from 77 different supplying countries.

Estimated substitution elasticity: -10.62. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is India → United States at $126.6M, representing 46.2% of the importer's total demand.

The volatility score for basketwork, wickerwork and other articles: of non-vegetable materials, made directly to shape from plaiting materials or made up from goods of heading no. 4601 is 5 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.