Turkish leather suffers. Export of leather goods decreased significantly in the last few months. The main reason? Covid-19, of course. According to what reported by Trend News Agency, Turkish export lost about 29% in the period going from January to May 2020, compared to the same period of 2019.
Hard times for Turkish leather
In the first 5 months of 2020 export performances of Turkish leather goods suffered: -29.7%. May was the worst month of all, according to Trend News Agency, which reports that Turkish manufacturers made 61.4 million USD in revenue. In other words, 62.2% less than May 2019, while the entire sum for the 5 months of 2020 was of 530.3 million USD.
France and Iran disappear
The drastic drop in demand is mainly attributed to a few countries, specifically, France and Iran. The French bought 15.9 million USD worth of product in the first 5 months of the year, equal to 36.3% less than the previous year. France’s demand in May decreased by 65.8%. Iran did even worse, as the country completely suspended imports of Turkish leather during the month of May. Tehran’s purchases for the period January-May lost 85%.