Italy has overtaken China as the largest importer of U.S. leather. According to a new report by IndexBox, entitled “US Leather and Hide Market. Analysis and Forecast to 2025,” Italy imported 56,000 tons of leather from the U.S. in 2018, followed by China at 50,000 tons and Vietnam at 30,000 tons. Last year, leather and hide exports from the U.S. amounted to 161,000 tons in total, worth $506 million. As for major suppliers of leather to the U.S. market, Brazil was the largest at 4,900 tons in 2018, accounting for 45 percent of total imports, followed by Uruguay at 1,800 tons, although the future position of Brazil could be threatened by concerns over the fires ravaging the Amazon rainforest in the country. VF Corp. and H&M have already said that they will no longer source leather or hides from Brazil until they can be sure that they are produced without environmental harm. The practice of Brazilian cattle ranchers clearing land to raise cattle or source timber is believed to be causing the vast majority of the fires that are currently afflicting the Amazon rainforest. The IndexBox study also suggests that the average leather and hide import price fell by 8.2 percent on an annualized basis in 2018 to $19 per kg. By country of origin, the highest priced was China at $28 per kg.