US hide exports fall in value by more than 20% in Q1
17/05/2016
The figures, released by the US Hide, Skin and Leather Association (USHSLA), continue to reflect a fall in industry-wide hide prices in the course of the last year or so.
The figures for January-March 2016 show that tanners and traders in the US exported more than 6.6 million fresh, wet salted and wet blue hides to customers overseas. This compares with a total of almost 6.4 million for the same three months last year, an increase in volume of around 3.5%. Taken in isolation, however, the figures for wet blue exports from the US indicate a fall of 13% year on year.
In terms of value, the figure for the first three months of 2016 is $467.9 million, compared to a figure for the same period last year of more than $600 million. This represents a fall in value of 22.8%.
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