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Brazil: Leather exports down 48% in value

Brazil: Leather exports down 48% in value

Write: Zaccheo [2011-05-20]

Brazil’s hide and leather exports brought in US$ 791 million in export revenues between January and September, down by 48% compared to the same period a year ago.

However, the Brazilian Tanners Council (CICB) has pointed out that exports have been slowly recovering and increased by 10% in volume terms during September 2009 compared to the month before.

The organisation also said that a higher proportion of leather exports are now leaving Brazil as crust or finished leather, meaning that Brazilian tanners are adding more value than before to their country’s raw material.