Market movement
In 2024, hides and skins: raw, whole, of bovine or equine animals, of a weight per skin not exceeding 8kg when simply dried, 10kg when dry-salted or 14kg when fresh, wet-salted or otherwise preserved trade exhibited significant decline, with global flows reaching $253,362,925 and a three-year compound annual growth rate of -4.7% (five-year: -5.8%). The all-time peak of $1,226,458,026 was recorded in 2011; the current level is 79% below that high-water mark.
Over the 30-year observation window (1995–2024), 38% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is strengthening (+8.4% acceleration).
