Raw materials
Sweden
Swedish cow prices remained steady at €0.90 per kg, while green-weight hides of 34kg and above held stable
at €1.10 per kg. Despite global uncertainties, the market largely retained stable pricing, with only slight demand weakening.
Turkey
Turkey’s tanning industry is facing significant economic challenges. Despite low demand for cow and bull
hides, reduced slaughter rates have kept prices stable, with bulls priced at $1.00-$1.10 and cows at $0.70- $0.80. High interest rates have stabilised the Turkish lira but raised labour and borrowing costs, affecting exporters. Both the tanning and textile sectors are under strain, potentially leading to further disruptions. Lamb prices remain steady, ranging from $3.50 to $4.50 per piece. In addition, FAS-Turkiye successfully resolved nearly $40m in detained US agricultural shipments at Turkish borders, maintaining strong trade relations. Meanwhile, Turkey’s exports to Africa reached $19.4bn in 2024, driven by growth in key markets like Egypt and Morocco.
UK
The UK and Irish ox and heifer markets remained stable during the period, with only minor fluctuations in prices across different weight categories. English 36+ hides were consistently priced at £0.70 per kg, with smaller hides (31-35.5kg) holding steady at the same price. In Ireland, prices increased slightly, with 36+ hides ranging from €0.88 to €0.90 per kg. Despite earlier
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expectations of a price drop, prices held firm, though ongoing negotiations added some pressure. In the lamb and sheep market, prices remained unchanged, with sheep skins priced between £1.00-£1.50 each and hoggets at £1.75-£2.30 each. No data was available for new season lambs.
US
The US hide market remained stable but faced downward pressure. Prices for heavy Texas Steers and Butt Branded
Steers held steady at $22.00 and $26.50, while Branded Steers dropped to $20.00. Rawhide sales decreased by 8.11%, and wet blue sales fell by 81.76%. Shipments were delayed due to logistical challenges. Although sellers maintained pricing, economic concerns and cautious buyer sentiment created an uncertain market outlook, with a downward trend. Global uncertainties are also affecting prices.
Vietnam
Vietnam’s vehicle market saw a 25% decline to end 2024, though annual sales grew by 7%, driven by strong
performances from Toyota, Ford and VinFast. Meanwhile, footwear and leather exports reached $27.04bn, up 11.45% year-on-year. The automotive sector is expanding globally, with Thaco and VinFast increasing exports to the Middle East, India and Southeast Asia. Additionally, Shein is encouraging its Chinese suppliers to move production to Vietnam to mitigate US tariff changes. This move, combined with Vietnam’s favourable trade agreements, positions the country as a key player in both the automotive and fashion industries. ●
Leather International /
www.leathermag.com
Oleg Golovnev/
Shutterstock.com
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