Inflation triggers exports of semi-finished and tanned leather
26 / 06 / 2023
Original post by: Lederpiel
During the first quarter of 2023, the value of Spanish exports of semi-tanned and tanned leather continues at record levels due to the high inflation suffered in recent months. For their part, foreign sales of raw hides again fell below 10%.
In this way, according to data from the General Directorate of Customs, between January and March of this year, compared to the same period in 2022, exports of raw hides fell by 10.9% (4.7 million euros less) , while those of semi-tanned leather shot up 37.1% (6.9 million euros more) and those of tanned leather increased 12.9% (13 million euros more).
When comparing the first quarter of 2023 with that of 2019, prior to the covid-19 pandemic, sales of raw hides fell by 12.5%, while semi-tanned leather increased by 94.9% and tanned, 27%.
Regarding imports of fur and leather, between January and March 2023 compared to the same period in 2022, purchases abroad of raw hides increased by 10.3% (1.8 million euros more); the import of semi-tanned leather, 8.2% (2.2 million euros more) and, finally, those of tanned leather, 8.1% (5.3 million euros more).
In relation to January-March 2019, sales of raw hides grew by 51.1% and semi-tanned leather by 28.1%, while those of tanned leather fell by 14%.
Consequently, the trade balance for leather in the first quarter of 2023 showed an imbalance in general terms in favor of exports of 56.2 million euros.
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