Wenzhou’s leather import booms
Between January and June the city’s port handled 45,515 tons of hides and leather worth up to $72 million, an increase of 53.22% in volume and 61.8% in value against the same period last year. The average import price of blue wet rose by 78% to $0.92 p/k during the period.
The rising statistics are attributed to new anti-smuggling measures and the adoption of bonded process trade, a new business gradually gaining popularity among leather enterprises.
The latest figures issued by China Leather Industry Association indicate that total production value of large enterprises with a yearly sales value of $609,000 (￥5 million) and above, reached $25.6 billion (￥210.3 billion) last year, a 20.9% increase on the previous year.
Asian Pacific Leather Fair Co Ltd predicts that China’ increasing imports will result in a larger number of booths from key leather making countries like Brazil, Germany and Pakistan at the All China Leather Fair to be held in Shanghai on 1 – 3 September.
