Hides and skins: raw, whole, of bovine or equine animals, of a weight per skin exceeding 16 kg

In 2024, hides and skins: raw, whole, of bovine or equine animals, of a weight per skin exceeding 16 kg trade exhibited significant decline, with global flows reaching $2,185,258,247 and a three-year compound annual growth rate of -6.5% (five-year: +0.2%). The all-time peak of $5,486,770,533 was recorded in 2014; the current level is 60% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (+2.3% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.109). The three largest exporters — United States ($628.0M), Australia ($178.8M), and France ($155.1M) — collectively dominate supply flows. The leading exporter has grown at -10.4% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.256). The three largest import markets are China ($985.9M), Italy ($469.0M), and Mexico ($83.1M). The largest importing market sources from 33 different supplying countries.

The dominant trade corridor is United States → China at $407.5M, representing 41.3% of the importer's total demand.

The volatility score for hides and skins: raw, whole, of bovine or equine animals, of a weight per skin exceeding 16 kg is 6 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.