Rags: used or new, scrap twine, cordage, rope and cables and worn out articles of twine, cordage, rope or cables, of textile materials: other than sorted

In 2024, rags: used or new, scrap twine, cordage, rope and cables and worn out articles of twine, cordage, rope or cables, of textile materials: other than sorted trade exhibited significant decline, with global flows reaching $288,988,606 and a three-year compound annual growth rate of -4.0% (five-year: -0.5%). The all-time peak of $413,909,664 was recorded in 2014; the current level is 30% 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 steady (-0.4% acceleration).

The World Trade Flows Characterization classifies rags: used or new, scrap twine, cordage, rope and cables and worn out articles of twine, cordage, rope or cables, of textile materials: other than sorted as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.066). The three largest exporters — United States ($47.9M), Pakistan ($36.7M), and South Korea ($24.6M) — collectively dominate supply flows. The leading exporter has grown at -2.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.088). The three largest import markets are India ($59.5M), United States ($44.2M), and Dominican Republic ($34.0M). The largest importing market sources from 52 different supplying countries.

Estimated substitution elasticity: -5.41. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United States → Dominican Republic at $29.7M, representing 87.4% of the importer's total demand.

The volatility score for rags: used or new, scrap twine, cordage, rope and cables and worn out articles of twine, cordage, rope or cables, of textile materials: other than sorted 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, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.