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Brazilian leather exports bound to grow this year
17
Nov '11
Leather exports from Brazil are bound to grow this year as the country has exported US$ 1.7 billion worth of goods from January to October this year, which equals the earnings from leather exports last year, as per the Confederation of Brazilian Hides and Skins Industries (CICB) data.

The data on Brazilian leather exports to Arab countries released by the Ministry of Development, Industry and Foreign Trade indicate that the Brazilian leather exports to Arab countries rose to US$ 5.5 million during the first ten months of the current year, as against exports worth US$ 4.2 million registered during the same period last year, a growth of 30 percent.

The leather exports to Arab countries also increased in volume to 451 tons during the first ten months of 2011, compared to exports of 364 tons recorded during the corresponding period of last year, showing an increase of 24 percent.

Tunisia remained to be the key Arab importer of leather from Brazil during January-October period. Brazil's leather exports to Tunisia grew to US$ 4.9 million from US$ 4.2 million recorded during the corresponding period last year. However, the volume of imports showed a marginal decline from 335.7 tons last year to 335.3 tons this year.

Next to Tunisia, Egypt was the second biggest Arab buyer of Brazilian leather and it imported 111 tons of leather, which was 311 percent more than last year's corresponding period's exports of 27 tons. The value of exports, too, rose from last year's US$ 16,000 to US$ 481,000 this year.

Other Arab countries like the United Arab Emirates and Lebanon also imported Brazilian leather, but the import volumes were not significant.

Fibre2fashion News Desk - India

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