Brazil’s February hide exports down in volume, up slightly in value

15 March 2022

Brazil’s February exports of hides and skins presented by SECEX (Secretariat of Foreign Trade) of the Ministry of Economy, totaled US$109.8 million. This is an increase of 0.3% compared to the same month last year, when exports totaled US$109.5 million, and 7.9% higher than January, when exports totaled US$101.7 million.

As for the total exported in square meters, 11.5 million were shipped in February, 26.6% lower than in the same month of 2021, and 4.5% lower than in January, when the total was 12.1 million m2.

For the first two months of 2022, exports totaled US$211.5 million, 2.0% more than in the same period in 2021. However,  the volume in area was 22.7% lower, at 23.6 million square meters.

The Center for the Brazilian Tanning Industry (CICB) reports that February exports are very similar to January, with an increase in values ??compared to the same month of the previous year, but with declines in volumes, which intensified.

The difficulties for some exporters lie in how to pass on the increases in production costs to customers, directly reflecting in new business, especially in the case of leather for fashion. In addition to declining sales prices, low business volume, a sharp devaluation of the dollar and high operating costs, the problem in Eastern Europe is now compounding the situation, aggravating a sales scenario that was already complicated.

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