Brazil's leather exports are catching up with China

by:JIYALI     2021-07-30
According to Ricardo Caldas, a professor at Brasília (UnB) University, Brazil’s leather exports will increase from US$1.8 billion last year to US$6 billion in the next eight years. The forecast is based on the average annual growth rate of Brazilian leather exports of about 20%%. Ricardo Caldas said that Brazilian leather exports have jumped from US$800 million in 2001 to US$1.8 billion last year. It is estimated that leather exports this year will reach 2.2 billion U.S. dollars and will increase to 2.8 billion U.S. dollars next year. Last year, China's leather export value was 3.7 billion U.S. dollars, and Brazil's leather export value ranked second only to China in the world. However, according to Ricardo Caldas bluntly, China's leather exports will stabilize. It is estimated that by 2015, the leather exports of these two countries will be at the same level, that is, the export of products is about 6 billion U.S. dollars. In terms of quantity, China is the world's largest leather producer, with an annual output of 550,000 leathers, accounting for 16% of the global market share; Brazil ranks second with an annual output of 440,000 leathers, accounting for 13% of the global market. By 2015, China's leather output will reach 800,000 pieces, which will still rank first, accounting for 25% of the global market, while Brazil's annual leather output should reach 700,000 pieces, which is expected to be equivalent to 20%% of the global market. Brazil's leather exports in the first three quarters of this year increased by 21%, surpassing footwear. According to the statistics of the Brazilian Leather Industry Center (CICB), Brazil's leather exports from January to September reached US$1.62 billion, an increase of 21% over the same period in 2006. From January to September, Brazil's leather exports were equivalent to half of its beef exports (US$3.29 billion), exceeding the value of footwear exports (US$1.44 billion) in the same period. 60% of Brazil's leather is supplied to the automobile industry and furniture industry, and the rest is supplied to handicrafts, clothing and footwear. From January to September, Brazil’s leather export target markets were mainly Italy, accounting for 27.21%, an increase of 26% over the same period last year; China, accounting for 23.35%, an increase of 47% over the same period last year, and Hong Kong, China, accounting for 11.32%, an increase over the same period last year 12%.
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