Wet blue growth eases China pain for US hide exports
10/04/2019
Exports of wet-salted and wet blue hides from the US brought in total revenues of $110 million in January 2019. Across both categories, the volume of hides was just under 2 million. Compared to January 2018, these figures represent a decline of 19.1% in value and of 7% in volume.
Wet salted shipments achieved $70.2 million in value and 1.6 million in volume in January 2019, down by 31% and 10% respectively year on year.
The figures for wet blue show export values of $39.8 million for the month and volumes of 364,228 hides, which represents an increase of 15% in volume and of 8% in value.
China’s imports of US showed a dramatic decline compared to the figures for January 2018. The value of wet-salted shipments declined by 31% to reach $41.9 million and the volume fell by 7% to 969,791 hides. In terms of wet blue, Chinese tanners and traders imported 68,148 hides with a value of $7.6 million, declines of 33% and 27% respectively.
Exports of wet blue to Italy rose by 38% in value and by 30% in volume, while Vietnam’s purchase of US wet blue in January was up by 66% in value and by 45% in volume.
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