Industry Analysis & Industry Trends
The Leather and Leather Substitute Product Manufacturing industry includes operators that manufacture and process leather hides and other animal skins, and companies that manufacture leather products, like wallets, saddles and handbags. The industry has struggled significantly over the past five years. Revenue is primarily driven by downstream demand from clothing and footwear manufacturers, which has declined over the past five years. While leather is a key input for these manufacturers, it also competes with other fabrics and materials. Rising demand from personal accessory retailers has partly offset this trend over the past five years, as Australian consumers have increasingly demanded luxury goods. Despite this, industry revenue is expected to fall at an annualised 5.2%... purchase to read more
Industry Report - Industry Products Chapter
Operators in the industry offer a variety of products and services. These range from the manufacture 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 thanks to increasing domestic cattle slaughter volumes, which were caused by drought conditions, with slaughtered cattle contributing to the stock of leather... purchase to read more