Tanned or crust hides and skins: bovine or equine, without hair on, in the wet state (including wet blue), excluding full grains, unsplit: grain splits

In 2024, tanned or crust hides and skins: bovine or equine, without hair on, in the wet state (including wet blue), excluding full grains, unsplit: grain splits trade exhibited strong growth, with global flows reaching $766,934,640 and a three-year compound annual growth rate of +5.5% (five-year: +0.1%). The all-time peak of $1,629,847,847 was recorded in 2014; the current level is 53% 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 strengthening (+12.7% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.102). The three largest exporters — Italy ($162.0M), Brazil ($142.7M), and Argentina ($69.9M) — collectively dominate supply flows. The leading exporter has grown at +4.9% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.179). The three largest import markets are Vietnam ($224.3M), China ($207.5M), and Italy ($77.1M). The largest importing market sources from 33 different supplying countries.

Estimated substitution elasticity: -6.37. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Brazil → China at $73.6M, representing 35.5% of the importer's total demand.

The volatility score for tanned or crust hides and skins: bovine or equine, without hair on, in the wet state (including wet blue), excluding full grains, unsplit: grain splits 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, strong demand tailwinds create a favourable entry environment. 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.