Industry Analysis & Industry Trends
The Leather and Leather Substitute Product Manufacturing industry has struggled significantly over the past five years. Revenue is primarily driven by demand from clothing and footwear manufacturers and personal accessory retailers. Industry revenue is estimated to decline at an annualised 4.7% over the five years through 2014-15. Revenue has been affected by falling demand from downstream clothing and footwear manufacturers. While leather is a key input for these manufacturers, it also competes with other fabrics and materials. Despite falling revenue, rising real household income, which tends to increase spending on discretionary products, and greater export demand for industry products, mainly from China, has helped curb the industry's decline... purchase to read more
Industry Report - Industry Products Chapter
Operators in the industry offer a variety of products and services. Activities can range from the manufacturing and processing of leather hides and animal skins to the finishing of leather goods and production of handbags, suitcases and other leather substitute products.
Bovine hides make up the most significant product segment in the industry. The majority of cattle are raised and slaughtered in Queensland, New South Wales and Victoria, where many industry participants are headquartered. Over the past five years, revenue attributable to this segment has grown as a result of increasing domestic cattle slaughter volumes, with slaughtered cattle contributing to the stock of leather... purchase to read more