Brazil: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Brazil

In 2022, after three years of decline, there was significant growth in the Brazilian tanned or dressed furskins market, when its value increased by 764% to $X. In general, consumption, however, continues to indicate a mild contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Tanned or Dressed Furskins in Brazil

In value terms, tanned or dressed furskins production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 7.1%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports from Brazil

In 2022, after three years of growth, there was significant decline in shipments abroad of tanned or dressed furskins, when their volume decreased by -31.1% to X units. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted rapidly in the following year.

In value terms, tanned or dressed furskins exports reduced markedly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for tanned or dressed furskins exports from Brazil, with a 62% share of total exports. Moreover, tanned or dressed furskins exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold. The third position in this ranking was taken by Germany (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.5% per year) and Germany (-4.3% per year).

In value terms, the United States ($X) remains the key foreign market for tanned or dressed furskins exports from Brazil, comprising 62% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7% share of total exports. It was followed by Germany, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.9% per year) and Germany (-7.7% per year).

Export Prices by Country

The average tanned or dressed furskins export price stood at $X per unit in 2022, surging by 6.2% against the previous year. Overall, the export price, however, saw a mild contraction. The growth pace was the most rapid in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tanned or Dressed Furskins

Imports into Brazil

For the third consecutive year, Brazil recorded decline in supplies from abroad of tanned or dressed furskins, which decreased by -39.6% to X units in 2022. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 270%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, tanned or dressed furskins imports fell remarkably to $X in 2022. In general, imports, however, continue to indicate a perceptible increase. The growth pace was the most rapid in 2015 with an increase of 456%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Colombia (X units) was the main tanned or dressed furskins supplier to Brazil, with a 93% share of total imports. It was followed by Spain (X units), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.7% per year) and Argentina (-26.7% per year).

In value terms, Colombia ($X) constituted the largest supplier of tanned or dressed furskins to Brazil, comprising 69% of total imports. The second position in the ranking was taken by Spain ($X), with an 8.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.6% per year) and Argentina (-22.9% per year).

Import Prices by Country

The average tanned or dressed furskins import price stood at $X per unit in 2022, picking up by 18% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The growth pace was the most rapid in 2017 when the average import price increased by 66%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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