Iron or steel: wool, pot scourers and scouring or polishing pads, gloves and the like

In 2024, iron or steel: wool, pot scourers and scouring or polishing pads, gloves and the like trade exhibited modest growth, with global flows reaching $272,323,060 and a three-year compound annual growth rate of +0.3% (five-year: -0.0%). The all-time peak of $320,528,089 was recorded in 2015; the current level is 15% 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 (+1.6% acceleration).

The World Trade Flows Characterization classifies iron or steel: wool, pot scourers and scouring or polishing pads, gloves and the like as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.377). The three largest exporters — China ($165.4M), Germany ($11.8M), and India ($11.0M) — collectively dominate supply flows. The leading exporter has grown at +0.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.033). The three largest import markets are United States ($31.1M), Saudi Arabia ($25.1M), and France ($9.9M). The largest importing market sources from 55 different supplying countries.

Estimated substitution elasticity: -3.59. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Saudi Arabia at $16.3M, representing 64.9% of the importer's total demand.

The volatility score for iron or steel: wool, pot scourers and scouring or polishing pads, gloves and the like is 4 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, modest but steady demand provides a reasonable entry window. 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.