Figures from the Department of Foreign Trade from the Ministry of Development, Industry and Foreign Trade (MDIC) show that in the first month of 2017 Brazil shipped US$ 150.6 million hides and skins overseas. Further analysis carried out by the Department of Trade Intelligence at CICB (the Centre for the Brazilian Tanning Industry) says the number corresponds to a total area of 14.7 million square meters.
In comparison to the same month last year, 2017 begins with a retraction in both value (-1.2%) and area (-4.2%). The depreciation of the US dollar in relation to Real and the deceleration of leather consumption in China (Brazil’s major client) are pointed out as the main reasons for January results.
On the other side, finished leather (of higher aggregate value and the main focus of Brazilian exports) registered an increase in the first month of the year: exports grew 10.1% in value and 4.11% in area when compared to the same month last year.
Click here to check the full report for Brazilian leather exports in January 2017.