16 Nov 2022

Our latest issue of Leatherbiz Market Intelligence went live on the website on November 15.
It says there is now greater clarity about the direction the leather pipeline is heading in, but, unfortunately, the picture that is emerging is not encouraging.

 

Retail group Marks & Spencer warned recently of a “gathering storm” for consumer-facing businesses.


Leather commands a lower value-add than it should and animus against the material, especially in Europe, makes this unlikely to change in the short term, the report says.


There is an acceptance of the possibility that not everyone will agree with this assessment, but the Market Intelligence report insists that no one could argue with its assertion that “demand for leather for use in mass-manufactured consumer products has not increased in recent weeks”.


It points to global consumption being “considerably burdened” by inflation and says this particularly affects “goods that are not part of basic needs”. Another factor is that the pandemic policy in China is also putting a strain on global sales because China is “such a large and important consumer market”.


The upshot is a decline of between 10% and 20% in sales of leather “is probably not too far from the truth”, it concludes.

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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