Tanned or crust hides and skins: of swine, without hair on, whether or not split, but not further prepared, in the wet state (including wet blue)

In 2024, tanned or crust hides and skins: of swine, without hair on, whether or not split, but not further prepared, in the wet state (including wet blue) trade exhibited strong growth, with global flows reaching $66,248,839 and a three-year compound annual growth rate of -3.7% (five-year: +4.0%). The all-time peak of $74,172,985 was recorded in 2021; the current level is 11% 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 decelerating (-5.9% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.492). The three largest exporters — Thailand ($46.5M), Taiwan ($7.8M), and Vietnam ($4.5M) — collectively dominate supply flows. The leading exporter has grown at +0.6% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.674). The three largest import markets are China ($54.0M), Vietnam ($4.1M), and Taiwan ($3.3M). The largest importing market sources from 7 different supplying countries.

Estimated substitution elasticity: -17.36. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Thailand → China at $41.5M, representing 76.8% of the importer's total demand.

The volatility score for tanned or crust hides and skins: of swine, without hair on, whether or not split, but not further prepared, in the wet state (including wet blue) 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, strong demand tailwinds create a favourable entry environment. 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.