18 February 2022

This week (w/c Feb 7) has been a much stronger sales week than most expected. South Korean as well as Taiwanese tanners were expected to be in the market, but the reel surprise has been the amount of business concluded with Chinese tanners. Volumes are obviously down on a normal week but have been high enough for some selections of steers and heifers to have witnessed price increases. The current market is starting to feel as though the bottom may have been reached, with tanners not wanting to risk waiting and paying more. Report by TheSauerReport.

From the Chinese tanners’ perspective, without buying from the U.S. there really is no other viable alternative at the moment. In normal times, they could opt for Australian or South American hides, but both of those origins have slaughter numbers well below 2019 levels and, in the case of Australia, numbers will not start to increase until 2024.

Then there are the European hides, which will start to increase in numbers as we move towards the spring, but freight rates added to the cost of hide prices them out of the market. High freight rates are in many cases stopping U.S. hides being sold in volume to European tanners. And so, we are left with the situation that has prevailed ever since the pandemic started; that the U.S. hide supply needs the Chinese tanning industry to continue buying, just as much as the Chinese tanning industry is heavily reliant upon the U.S. supply.

Wet-blue tanners had much less populated offer lists this week, following on from some high volume sales for much of 2022 so far.

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。   我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

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