Appalling 2018 ends very negatively (-30,8% in December) for Brazil’s leather industry, whose foreign revenues slump by 24%

Last December Brazil’s leather industry reached, in terms of foreign revenues, nearly 106 million US dollars: earnings therefore decreased by 30,8% on annual basis and dropped by 6,7% compared to the previous November. Looking at the report provided by CICB, Brazil’s association of tanners, over SECEX data, things are not going better in terms of volumes: in fact, in the international markets Brazil sold 14,2 million square metres of materials, that is, -12% compared to 2018 same month. That was the negative end of 2018, which proved to be a tough year. The annual business trend looks terrible then: the overall turnover (1,4 billion dollars) decreased by 24% compared to 2017, while volumes dropped by 10,2% (181,7 million square metres).

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