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Raw Materials - Vietnam hope as US hide export challenges continue
18 October 2019

Leatherbiz reports that declines in the volume and value of US hide exports have continued into August, the most recent months for which the US Hides, Skins & Leather Association (USHSLA) has made figures available.

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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