18 July 2024
Our latest Market Intelligence newsletter went live on July 16. It offered a reflection on the state of the industry in Europe as the summer holidays bring businesses to a halt across the continent. By Leatherbiz.
It said “drastic changes” were occurring in the industry in Europe owing to “a toxic mix” of negative forces.
Production costs are high and the drop in demand for finished leather and leather products shows few signs of picking up.
In footwear, the ongoing retro trend is providing support for leather, but this is not being mirrored in more mainstream shoe segments, the newsletter said. In parallel, it insisted that there is a significant decline in the use of furniture and automotive leather, particularly in higher-quality articles.
On top of this, it said the industry remained exposed to “considerable political and bureaucratic obstacles”, making it harder for European tanners to compete with rivals in other parts of the world.
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.
