Safety pins and other pins: of iron or steel

In 2024, safety pins and other pins: of iron or steel trade exhibited slight decline, with global flows reaching $143,972,192 and a three-year compound annual growth rate of -0.6% (five-year: -0.7%). The all-time peak of $240,562,382 was recorded in 2011; the current level is 40% below that high-water mark.

Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+0.6% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.216). The three largest exporters — China ($62.4M), Japan ($14.5M), and United States ($13.3M) — collectively dominate supply flows. The leading exporter has grown at +7.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.047). The three largest import markets are Indonesia ($19.2M), United States ($15.1M), and Canada ($8.7M). The largest importing market sources from 61 different supplying countries.

The dominant trade corridor is China → United States at $10.3M, representing 68.3% of the importer's total demand.

The volatility score for safety pins and other pins: of iron or steel 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, 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.