Record year for Brazilian leather exports

Brazil
Published:  09 January, 2014

Last year witnessed historically high sales revenues of US$2.51 billion in leather exports from Brazil. The total value of leather exports (wet-blue, crust and finished) throughout 2013 was an all time record. 

The figure exceeded by 20.7% the value achieved in the previous year according to analysis by the Department of Intelligence of the Centre for the Brazilian Tanning Industries (CICB) using preliminary data from the Department of Foreign Trade – Ministry of Development, Industry and Foreign Trade (MDIC).

Leather exports in 2013 showed growth in every single month registering several historical records, especially in the second half of the year. Important initiatives from CICB and the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) played a key role through projects such as Design na Pele and Preview do Couro, to support the work of Brazilian tanners.

When considering December 2013 alone, the total value of leather exports reached US$238 million, which means an increase of 27.5% compared with December 2012 and a new monthly record. It is an increase of 10.5% when compared to the previous month of November.

However, the CICB have expressed some caution about the outlook for 2014. According to José Fernando Bello, Executive President of CICB, the Brazilian leather sector will face a series of challenges in 2014. Brazil’s exclusion from the Stability and Growth Pact (SGP) is one issue that should be considered, says Bello.

Leather stands out in the Brazilian trade balance as one of the ten items that showed historical record export revenues throughout 2013.