Furnishing articles: excluding those of heading no. 9404, bed nets, specified in Subheading Note 1 to this Chapter

In 2024, furnishing articles: excluding those of heading no. 9404, bed nets, specified in subheading note 1 to this chapter trade exhibited significant decline, with global flows reaching $250,357,542 and a three-year compound annual growth rate of +7.1% (five-year: +15.5%). The all-time peak of $331,661,674 was recorded in 2022; the current level is 25% below that high-water mark.

Over the 30-year observation window (1995–2024), 72% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (+0.7% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.248). The three largest exporters — Vietnam ($95.7M), China ($90.0M), and India ($69.1M) — collectively dominate supply flows. The leading exporter has grown at +42.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.073). The three largest import markets are Nigeria ($40.7M), Niger ($34.5M), and DR Congo ($23.6M). The largest importing market sources from 6 different supplying countries.

The dominant trade corridor is Vietnam → Niger at $28.9M, representing 83.9% of the importer's total demand.

The volatility score for furnishing articles: excluding those of heading no. 9404, bed nets, specified in subheading note 1 to this chapter is 12 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, contracting demand signals caution before committing resources. 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.