2025 May Paraguay Leather hides (HS 4104) Export Snapshot: Vol Dip

May Trend: Paraguay Leather hides Export

Leather hides, classified under HS Code 4104 (Bovine (including buffalo) or equine leather, further prepared after tanning or crusting, including parchment-dressed leather, without hair on, whether or not split, other than leather of heading 41.14.), saw exports decline in May, with value dropping 11.81% MoM to $2.80M and volume falling 8.35% to 2.90M kg. Unit prices also dipped 3.78% to $0.97/kg, reversing April’s 6.53% gain. The downturn follows a mixed Q1, where February’s price recovery (+2.46%) failed to sustain momentum. Paraguay’s leather trade remains volatile, with May marking the lowest monthly volume since January. No immediate external factors explain the slump, as tariff updates in March and May lacked direct relevance to leather exports.

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 54.33% of value but 58.32% of weight, indicating a balanced trade structure where volume and value align closely—suggesting Italy serves as a stable, bulk buyer of raw or semi-processed hides. However, Thailand stands out with a value-volume gap: contributing just 1.59% of weight but 10.83% of value, signaling premium demand for higher-grade or specialty hides. The broader pattern reveals a mix of bulk hubs (China, Brazil) and niche markets (Thailand, Czechia), implying Paraguay's export strategy prioritizes volume-driven markets with selective premium opportunities. This structure points to a cost-efficient supply chain with limited high-margin diversification.

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

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Paraguay HS Code 4104 Breakdown & Value Logic

yTrade data reveals HS Code 41041114 (tanned bovine/equine hides in wet state) dominates Paraguay's HS Code 4104 exports, capturing 76% frequency and 84% weight/quantity—highlighting a bulk-driven market. The absence of unit price data suggests volume over premium value, with wet-blue hides (lower processing cost) outpacing dry-state (41044130) and non-full-grain (41041940) variants. This Paraguay HS Code 4104 export trend leans on high-volume, low-margin trade, typical of raw material economies. Secondary codes collectively contribute <20% value, reinforcing the focus on mass production. Expect stability in this model unless downstream demand shifts toward finished leather.

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 May?

Exports dropped 11.81% month-on-month to $2.80M, with volumes down 8.35% to 2.90M kg. Unit prices fell 3.78% to $0.97/kg.

What are the top Export partners for Paraguay Leather hides?

Italy ($1.52M), China Mainland ($356.11K), and Thailand ($303.67K) were the top destinations.

Who are the major Leather hides Buyers?

Key buyers include Poletto S.R.L ($442.00K), Conceria Pasubio SPA ($408.20K), and Sadesa Comercial Offshore de Macau LTDA ($331.25K).

What is the specific HS Code for this trade?

The data covers HS Code 4104, with significant activity in tanned/crust bovine hides in wet state (HS 410411**, $2.24M).