US wet blue prices 12% cheaper than last year - leatherbiz: Leading ne Leatherbiz

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US wet blue prices 12% cheaper than last year

14/10/2016
US exports of wet blue continue to show declines in volume and in value in 2016 compared to last year. New figures from the US Hides Skins and Leather Association (USHSLSA) for the first eight months of this year indicate a 16% decline in the volume of wet blue exports compared to the figure for the same months in 2015 and, over the same period, a 26% fall in the value of those exports. However, USHSLA said sales of US wet blue to tanners in China, Vietnam, Italy and the Dominican Republic in recent weeks had picked up.

Between January and August this year, US tanners and traders shipped just under 4.4 million wet blue hides from the US, bringing in export revenues of $402.8 million. The corresponding figures for 2015 were more than 5.2 million wet blue hides and revenues of $545 million.

These figures give an average value of a US wet blue hide of $91.54 in the first eight months of 2016, compared to an average of $104.80 in the same period in 2015. This means the average price of a wet blue hide exported from the US has fallen by 12.6% in the course of the last 12 months.

With regard to exports of wet and fresh salted hides from the US, USHSLA’s most recent figures confirm a pattern that has been in place for the whole of 2016 so far: volumes are up and values are down. Between July and August this year, US packers and traders exported 13.9 million fresh and wet salted hides, bringing in revenues of $897 million.

This represents an increase in volume of 9% but a decline in value of 15% compared to the January-August 2015 figures.



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