Selling Salted Hides is More Profitable

In Costa Rica only 10% of cattle hides are processed and consumed by the local industry, the remaining 90% is salted and exported.

Tuesday, January 8, 2013

Elfinancierocr.com reports that in Costa Rica, "Five years ago, tanneries changed their production process from making finished leather to salted hides, a raw material generates higher returns."

As a result, the local companies that require leather in their production processes have been forced to import their raw material.

An international trade adviser to the Chamber of Industries, Luis Obando, said "even recently there were still supply problems for domestic firms, since the tanneries were exporting almost all the leather to China, but in its basic form. '

The value of exports of various types of prepared leathers fell by 48% from 2006 to 2012, while raw hides doubled and tanned skins increased seven times in the same period, according to data from the Foreign Trade Promotion Office (Procomer).

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Costa Rica: More New Cars than Used Ones

November 2012

Facilities for granting loans for new cars is encouraging the market for new cars and reducing the one for imported used ones.

From January to September 2012 imports of new cars in Costa Rica grew by 29% compared to the same period last year. At the same time, the number of imported cars fell by 7%.

Panamanian Imports Grow by 22%

May 2012

In January 2012 the value of imports brought in Panamanian ports, excluding companies operating from the CFZ, reached $944.5 million, $171.1 million more than in the same period last year.

From a press release from the Ministry of Economy and Finance of Panama:

The value of imports for the month of January 2012, placed in Panamanian ports, excluding companies that operate from the Colon Free Zone, reached B/.944.5 million ($ 944.5 million), which is B /. 171.1 million ($ 171.1 million) or 22.1% more than in the same period last year, according to a study by the Economic and Social Analysis Unit at the Ministry of Economy and Finance (MEF), based on figures from the National Institute of Statistics and Census, the Controller General of the Republic.

Foreign Beers Sales Grow in Costa Rica

August 2011

Beer imports totalled $4.5 million in 2010, which is an increase of 14% compared to 2009.

With the entry of new brands from around the world, the Costa Rican palate has started to enjoy more and more beers, both local and international. Details from the Foreign Trade Promoter (Procomer) note that the beers come from Mexico, the United States, Nicaragua and Germany.

Panama: Imports Growing

May 2011

In the first quarter there were 20% more imported goods than in the same period of 2010.

The buoyancy experienced by the Panamanian economy has led Panamanians to increase consumption, explaining the significant increase on imported goods in recent months.

An article in Prensa.com notes: "According to preliminary figures from the Controller, from January to March $2,484.800 worth of assets came into the country, whereas in 2010 the total was $69.3 million 2000. "

ok