Brazil: hide exports down in July
18/08/2011
Brazilian tanners exported 1.7 million hides in July, the smallest number since March 2009, achieving export earnings of $148.7 million. The value of July’s exports represent a decline of 11% on the previous month.
Better news from CICB’s point of view was that the cumulative figures for 2011 show a total number of exported hides for the first seven months of the year of more than 16.3 million, still 1% above the figures for the same period in 2010. Also, the cumulative value of the 2011 exports show far, $1.2 billion, is 18% higher than last year.
One of the reasons for higher value is that 65.7% of exports are of crust or finished leather, which CICB says is a record. This suggests that Brazilian tanneries are adding more value on home soil than ever before. In 2000, 70% of hide exports were wet blue. After the first seven months of 2011, the proportion of hides that have gone to overseas customers as wet blue is 34.3%, the lowest ever figure.