Coconut, abaca (Manila hemp or Musa textilis Nee), ramie and other vegetable textile fibres n.e.c., raw or processed but not spun: tow, noils and waste of these fibres (including yarn waste and garnetted stock)

In 2024, coconut, abaca (manila hemp or musa textilis nee), ramie and other vegetable textile fibres n.e.c., raw or processed but not spun: tow, noils and waste of these fibres (including yarn waste and garnetted stock) trade exhibited strong growth, with global flows reaching $667,174,008 and a three-year compound annual growth rate of -8.2% (five-year: +0.8%). The all-time peak of $862,351,511 was recorded in 2021; the current level is 23% 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 (-11.1% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.236). The three largest exporters — India ($271.1M), Sri Lanka ($162.9M), and Kenya ($42.6M) — collectively dominate supply flows. The leading exporter has grown at -9.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.086). The three largest import markets are China ($161.2M), United States ($62.8M), and United Kingdom ($41.0M). The largest importing market sources from 24 different supplying countries.

Estimated substitution elasticity: -13.13. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is India → China at $72.4M, representing 44.9% of the importer's total demand.

The volatility score for coconut, abaca (manila hemp or musa textilis nee), ramie and other vegetable textile fibres n.e.c., raw or processed but not spun: tow, noils and waste of these fibres (including yarn waste and garnetted stock) is 9 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.