2025 Mar Paraguay Leather hides (HS4104) Export Snapshot: Vol Dip

March Trend: Paraguay Leather hides Export

Leather hides, classified under HS Code 4104 (Bovine or equine (including buffalo) leather, without hair on, whether or not split, but not further prepared.), saw a 1.7% drop in unit price to $0.94/kg in March, with export value declining 3% to $3.08M and volume down 1.4% to 3.27M kg. This marks a second consecutive month of contraction, following February’s 5.3% slump in value and 7.6% drop in volume. The slight price dip suggests muted demand or competitive pressure in key markets. No specific external events were flagged to explain the trend.

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

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Geographic Concentration & Market Logic

Italy dominates Paraguay's leather hides exports, accounting for 64.2% of value but 68.86% of weight, revealing a slight bulk hub dynamic where volume slightly outpaces value—suggesting Italy processes raw or semi-finished hides. Thailand, however, shows a premium market signal (10.91% value share vs. 1.89% weight), indicating demand for higher-grade hides. The overall structure leans toward cost-efficient bulk trade, with China (12.24% value, 14.18% weight) reinforcing this as a secondary processing hub. Strategic takeaway: Paraguay’s export flow prioritizes volume-driven markets, with niche premium opportunities in select destinations like Thailand.

Table: Paraguay Leather Hides (HS Code 4104) Top Destination Countries (Source: yTrade)

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Paraguay HS Code 4104 Breakdown & Value Logic

41041114 dominates Paraguay's HS Code 4104 exports (75% frequency, 89% weight share), reflecting a bulk-driven market for wet-blue bovine hides—low unit prices but high volume. The remaining sub-codes (41044130, 41041940) show niche demand for dry-state or non-premium hides, hinting at limited premiumization. This confirms Paraguay’s leather export strength lies in cost-competitive, mass-scale raw materials rather than high-value finished goods. yTrade data underscores the strategic focus on volume over margin in March 2025.

Table: Paraguay (HS Code 4104) Breakdown Details (Source: yTrade)

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Paraguay Leather Hides Buyers List

Table: Paraguay Leather Hides (HS Code 4104) Top Buyers List (Source: yTrade)

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Frequently Asked Questions

How did Paraguay Leather hides Export perform in March?

Exports dipped 3.04% month-on-month to $3.08M, with volumes down 1.36% to 3.27M kg. Unit prices fell 1.70% to $0.94/kg.

What are the top Export partners for Paraguay Leather hides?

Italy ($1.98M), China ($377.34K), and Thailand ($336.50K) were the top destinations.

Who are the major Leather hides Buyers?

The market is led by industrial buyers like Poletto S.R.L ($632.83K) and Conceria Pasubio SPA ($631.88K).

What is the specific HS Code for this trade?

The data covers HS Code 4104, with significant activity in tanned/crust hides in the wet state (HS 410411**, $2.56M).