Double-digit growth continues for US wet blue exports
Packers, tanners and traders in the US exported more than 19.75 million hides in the first nine months of 2024. These exports brought in revenues of $798 million.
Compared to the same period in 2023, total hide exports are down by 8.3% in volume and by almost 5.5% in value.
However, double-digit growth for wet blue exports has continued.
In the January-September period this year, the US exported more than 3.1 million wet blue hides, bringing in revenues of $305.8 million. These figures represent growth of 13% in volume and of 15% in value.
Vietnam’s imports of US wet blue for the year so far have reached almost 930,000 pieces, with a combined value of more than $100 million, increases of 67% and 71% respectively.
In the second-biggest market, China, imports reached volumes of nearly 710,000 wet blue hides from the US with a value of $67.5 million, up by 9% and 22% respectively.
