Inflation continues to boost foreign sales of semi-tanned and tanned hides

Original content by: Lederpiel

During the first seven months of 2023, the value of Spanish exports of semi-tanned and tanned leather continued at record levels due to high inflation in recent months. On the contrary, sales abroad of raw hides fell again by around 20%.

In this way, according to data from the General Directorate of Customs, between January and July of this year, compared to the same period in 2022, exports of raw hides fell by 19.3% (19 million euros less), while that those of semi-tanned leather rose by 19.7% (8.6 million euros more) and those of tanned leather increased by 4.1% (10.4 million euros more).

If we compare the first seven months of 2023 with those of 2019, prior to the COVID-19 pandemic, sales of raw hides decreased by 14.8%, while semi-tanned leather increased by 57.4% and those of tanned leather, 16.4%.

Imports
Regarding imports of hides and leather, between January and July 2023 compared to the same period in 2022, foreign purchases of raw hides increased by 9.3% (3.9 million euros more); while the import of semi-tanned leather grew by 2.9% (2.1 million euros more) and those of tanned leather fell by 6.9% (12 million euros less).

Compared to January-July 2019, sales of raw hides grew by 46.2% and semi-tanned leather by 21%, while those of tanned leather fell by 18.4%.

Consequently, the leather trade balance in the first seven months of 2023 showed an imbalance in general terms in favor of exports of 118.4 million euros.

You can read the original press release HERE.