24 Aug 2022

A new report in our exclusive Market Intelligence series became available for subscribers to read on August 23, writes Leatherbiz.

 

 

This report makes the point that the leather industry faces a serious dilemma as it moves into the last third of this difficult year.


As is the case for most manufacturing sectors, leather producers are having to contend with sharp rises in costs. Our report picks out two factors that are having a particularly significant impact: energy costs and labour costs.


It says this makes it essential for leather manufacturers to increase the price of finished leather.


However, this comes at a time when consumers are becoming increasingly cost-conscious and are already altering their shopping habits to focus on buying only on what is truly necessary and, when they do decide to buy, “will probably shift down one price level” when choosing products, the report says.


The report said one positive aspect of this is that products made from leather are a good buy in the long run because they last well and look good for a long time. This is the message that the industry has to try to drive home among retailers and consumers at this difficult time, the report says.

About APLF

We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.

 

We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.

 

APLF Fairs follow Informa AllSecure, Informa’s approach to enhanced health and safety standards at events in the aftermath of COVID-19.

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