Market movement
In 2024, hides and skins: other than whole, but including butts, bends and bellies, of bovine (including. buffalo) and equine animals, fresh, salted or preserved, but not tanned, parchment dressed or further prepared, whether or not dehaired or split trade exhibited significant decline, with global flows reaching $177,551,435 and a three-year compound annual growth rate of -3.0% (five-year: -0.1%). The all-time peak of $811,155,572 was recorded in 1995; the current level is 78% 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 (+5.1% acceleration).
