2025 Q1 Paraguay Bovine hides (HS410411) Export Snapshot: Price Dip

Q1 Trend: Paraguay Bovine hides Export

Bovine hides, classified under HS Code 410411 (Whole bovine hides and skins, fresh), saw mixed export performance in Q1 2025. Unit prices rose 1.6% MoM in February to $0.89/kg before dropping 1.9% in March to $0.87/kg. Export value declined steadily, falling 1.4% in February and another 3.4% in March to $2.56M. Shipment volumes also contracted, with weight down 3% in February and 1.5% in March to 2.93M kg. The downward trend in both value and volume suggests softening demand or competitive pressures.

Table: Paraguay Bovine Hides Export Trend (Source: yTrade)

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Geographic Concentration & Market Logic

Italy dominates Paraguay's bovine hides exports, accounting for 71.1% of weight and 71.0% of value, indicating a balanced value-volume gap—suggesting stable demand for raw or semi-processed hides. China, the second-largest destination (16.0% weight, 15.2% value), shows a similar pattern, reinforcing Paraguay's role as a bulk supplier. Notably, Thailand (2.4% weight, 2.9% value) and Czechia (1.9% weight, 2.4% value) exhibit a slight premium tilt, hinting at niche demand for higher-grade hides. The absence of extreme value-weight disparities points to a supply chain optimized for cost-efficient bulk trade rather than premium segmentation.

Table: Paraguay Bovine Hides (HS Code 410411) Top Destination Countries (Source: yTrade)

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Paraguay HS Code 410411 Breakdown & Value Logic

yTrade data reveals 41041114 (tanned/crust bovine hides in wet state, full grains) dominates Paraguay's Q1 2025 exports, capturing 100% of volume (8.97M kg) and value ($7.90M). The absence of unit pricing suggests a bulk-driven Paraguay HS Code 410411 Export market, prioritizing raw material volume over premium processing. The lack of splits or higher-value variants (e.g., finished leather) indicates a reliance on low-margin, commodity-grade trade—typical of emerging hide exporters. This reinforces Paraguay’s role as a volume player in raw hides, not yet pivoting to value-added segments.

Paraguay Bovine Hides Buyers List

Table: Paraguay Bovine Hides (HS Code 410411) Top Buyers List (Source: yTrade)

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Frequently Asked Questions

How did Paraguay Bovine hides Export perform in Q1?

Exports dipped 3.38% month-on-month in March 2025, with unit prices falling 1.91% to $0.87/kg.

What are the top Export partners for Paraguay Bovine hides?

Italy ($5.61M), China Mainland ($1.20M), and Brazil ($412.37K) were the top destinations.

Who are the major Bovine hides Buyers?

The market is concentrated with Italian buyers like Poletto S.R.L ($1.94M) and Conceria Pasubio SPA ($1.62M).

What is the specific HS Code for this trade?

The data covers HS Code 410411.

Detailed Monthly Report

Paraguay HS410411 Export Snapshot 2025 JAN

Paraguay HS410411 Export Snapshot 2025 FEB