Leather Development Trend

- Dec 20, 2018-

The leather industry covers the main industries such as leather, shoes, leather, leather goods, fur and their products, as well as leather chemicals, leather hardware, leather machinery, accessories and other supporting industries. The relationship between upstream and downstream is high, relying on the market to drive, the products are evergreen, and the characteristics of foreign exchange earning, enriching the people and employment are integrated. China's leather industry, after adjusting and optimizing the structure, has initially formed a number of special areas and specialized markets for leather production with clear professional division and outstanding characteristics, which play a decisive role in stimulating the local economy. Their formation has laid the foundation for the development of China's leather industry. 

In the increasingly competitive market environment, it is not easy for the Chinese leather industry to achieve such results, which proves the vitality and strength of the Chinese leather industry. After the year, the output of the national tanning industry dropped significantly. The decline in output was mainly affected by the market downturn and the digestive inventory of enterprises. The market supply of raw materials leather closely related to tanning was insufficient, and the price remained high, which aggravated the decline in tanning production. situation. At the same time, the output of fur garments in China has also declined. The fur industry has overheated in recent years, and the fur animal breeding and professional markets have blossomed everywhere, resulting in reduced sales and falling prices. Relatively speaking, the output index of leather garments and leather shoes has increased slightly. Among them, leather garments increased by 7% year-on-year, and leather shoes production increased by 2.6%. From the point of view of sales profit, the profit margin of the leather main industry sales revenue increased by 0.2% year-on-year. As far as the industry is concerned, although the sales revenue and total profit ranks first in the leather shoes, the profit margin of sales revenue is only 6.9%, and it is urgent to improve the industry efficiency level through transformation and upgrading.