Nine-month figures confirm US hide export declines
13/11/2019
Between January and September, packers and traders exported almost 14.9 million wet salted hides from US abattoirs, bringing in revenues of $578.6 million. These figures represent a fall of 16% in volume and of 33% in value compared to the same months in 2018.
China was the destination of 53.4% of the total volume of wet salted hides exported during the first three quarters of 2019. South Korea took 16.3% and Mexico 14.1%.
For wet blue, the volume of exports in the first nine months of 2019 was close to 2.9 million, bringing in revenues of $305.4 million. In the case of wet blue, the year-on-year declines are of 23% in volume and of 20% in value.
Italy held its number-one position in the markets to which US wet blue hides were shipped in the nine-month period, taking close to 890,000, more than 30% of the total. This compared to China’s 793,000, which was 27.5% of the total. Vietnam was in a very solid third position, taking just over 700,000 wet blue hides from the US over the period. Italy and China both bought 32% fewer wet blue hides than in the same period in 2018. Vietnam’s investment in the material, in contrast, was up by 3%.
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