The US and Brazil, two of the biggest hides exporters, have reported declining numbers for 2015, supporting theories of the declining use of leather, particularly in the footwear industry.

Record leather prices in 2014 led many mid-range manufacturers to swap to faux leathers, say market observers, and the falling price of oil has meant they are reluctant to swap back as the plastic-based alternatives are getting even cheaper.

In the first 11 months of 2015, tanners and traders in the US exported 24.5 million hides to customers overseas, bringing in revenue of just under $2.1 billion, according to the US Hide, Skin and Leather Association (USHSLA).

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