
Brazil - Leather - Market Analysis, Forecast, Size, Trends And Insights
Brazil’s Leather Price Shrinks 19% to $3,416 per Ton
Brazil Leather Export Price in August 2022
In August 2022, the leather price stood at $3,416 per ton (FOB, Brazil), shrinking by -18.9% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2022 an increase of 31% m-o-m. Over the period under review, the average export prices hit record highs at $4,486 per ton in May 2022; however, from June 2022 to August 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($17.1 per kg), while the average price for exports to Taiwan (Chinese) ($1,211 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Brazil Leather Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was sheep, goat, swine or reptile leather, excluding chamois leather ($89.3 per kg), while the average price for exports of leather of bovine and equine animals ($3,379 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: sheep, goat, swine or reptile leather (+13.9%), while the prices for the other products experienced more modest paces of growth.
Brazil Leather Exports
In August 2022, approximately 31K tons of leather were exported from Brazil; rising by 50% compared with the previous month. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at 31K tons in June 2022; however, from July 2022 to August 2022, the exports failed to regain momentum.
In value terms, leather exports soared to $104M (IndexBox estimates) in August 2022. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at 120K tons in March 2022; however, from April 2022 to August 2022, the exports failed to regain momentum.
Brazil Leather Exports by Type
Leather of bovine and equine animals (30K tons) was the largest type of leather exported from Brazil, with a 100% share of total exports. It was followed by chamois, patent and combination leather (67 tons), with a 0.2% share of total exports. The third position in this ranking was taken by sheep, goat, swine or reptile leather, excluding chamois leather (7.7 tons), with less than 0.1% share.
From January 2022 to August 2022, the average monthly growth rate of the volume of export of leather of bovine and equine animals was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: chamois, patent and combination leather (+3.2% per month) and sheep, goat, swine or reptile leather, excluding chamois leather (-17.1% per month).
In value terms, leather of bovine and equine animals ($103M) remains the largest type of leather exported from Brazil, comprising 99% of total exports. The second position in the ranking was held by chamois, patent and combination leather ($702K), with a 0.7% share of total exports. It was followed by sheep, goat, swine or reptile leather, excluding chamois leather, with a 0.7% share.
From January 2022 to August 2022, the average monthly growth rate of the export volume of leather of bovine and equine animals was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: chamois, patent and combination leather (+2.7% per month) and sheep, goat, swine or reptile leather, excluding chamois leather (-5.5% per month).
Brazil Leather Exports by Country
China (11K tons), Italy (9.1K tons) and Vietnam (2.5K tons) were the main destinations of leather exports from Brazil, together accounting for 75% of total exports. Taiwan (Chinese), the United States, Hong Kong SAR and India lagged somewhat behind, together comprising a further 14%.
From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +15.7%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for leather exported from Brazil were China ($23M), the United States ($20M) and Italy ($19M), together comprising 59% of total exports. These countries were followed by Vietnam, Hong Kong SAR, Taiwan (Chinese) and India, which together accounted for a further 12%.
Among the main countries of destination, Taiwan (Chinese), with a CAGR of +8.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the leather market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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