Industry Analysis & Industry Trends
The Leather and Leather Substitute Product Manufacturing industry has struggled significantly over the past five years. Industry performance has been affected by falling demand for leather tanning, fur dressing and leather product manufacturing and less demand from downstream clothing and footwear manufacturers. Companies have also been affected by real household discretionary income levels and the strength of the Australian dollar. Industry operators export a majority of Australia's animal hides and skins to China. A large number of finished leather products such as belts, wallets and handbags are also imported from China. Industry revenue is estimated to decline at a compound annual 4.1%... purchase to read more
Industry Report - Industry Analysis Chapter
Over the past five years, the industry has performed poorly due to substantial declines in domestic demand. Industry performance is influenced by demand for leather tanning, fur dressing and leather product manufacturing and real household discretionary income levels. Companies that tan animal hides and skins are affected by demand from downstream clothing and footwear manufacturers that require leather inputs. The trade-weighted index also shapes the performance of industry operators, as the industry participates in extremely high levels of international trade.
Revenue and profitability
Industry revenue is estimated to decline at an annualised 4.1% over the five years through 2013-14 to reach $541.9 million... purchase to read more