Vietnam hope as US hide export challenges continue
16/10/2019
The figures show that in the first eight months of 2019, US tanners and traders shipped just over 13.3 million wet salted hides, bringing in export revenues of a little under $525 million. These numbers represent a fall year on year of 17% in volume and 33% in value.
Over the same eight-month period in 2019, shipments of wet blue showed a volume of 2.6 million and a value of $276 million, declines of 22% and 18% respectively.
Main markets, Italy and China, recorded year-on-year declines in volume of 29% and 31% respectively, bringing in 806,000 and 716,000 pieces of US wet blue between January and August. Values were down by 22% and 29% respectively, reaching $90 million for Italy and $72.5 million for China.
In contrast, the good news came once again from Vietnam. Its January-August imports of US wet blue are up year on year by 4% in volume, to reach 643,000 pieces, and by 12% in value to reach more than $70 million. This means the value of the Vietnamese market is now very close to that of the Chinese market to US wet blue exporters.
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