US wet blue exports down by 1 million hides - leatherbiz: Leading news Leatherbiz

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US wet blue exports down by 1 million hides

21/12/2016
The pattern of US exports of wet blue declining in volume and in value in 2016 continued into September. New figures from the US Hides Skins and Leather Association (USHSLSA) for the first nine months of 2016 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 24% fall in the value of those exports.

The total volume of exports of wet blue for the January-September 2016 period was just under 5.5 million hides, one million fewer than in the same months in 2015. The total value of these exports in the first nine months of 2016 was just over $500 million, compared to more than $650 million a year earlier.

China, the European Union, Vietnam, the Dominican Republic, South Korea, Thailand, Mexico and Taiwan (in that order) remain the most important export destinations, but each of them showed a substantial decline in revenues year on year (double-digit in each case, except Vietnam with 8%) and many of them also registered steep declines in volume. Wet blue exports to Vietnam and the Dominican Republic rose in volume, by 4% in each case.

The only country in the top ten to show an increase in volume and in value was Japan. Wet blue exports to Japan rose by 24% in volume year on year to reach 97,175, and by 19% in value to reach just over $9 million.

Over the same period, the US also shipped 17.5 million fresh and wet-salted hides that had a combined value of just over $1.1 billion. These figures represent a year-on-year increase in volume of 10%, but a decline in value of 11%.



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