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 Locations Chapter
The Leather and Leather Substitute Product Manufacturing industry predominantly operates in New South Wales, Victoria and Queensland. These states are estimated to account for 84.7% of industry enterprises. New South Wales has the largest concentration of industry enterprises, although this percentage has fallen over the past five years. Victoria and Queensland house 28.9% and 24.9% of industry enterprises, respectively.
The majority of Australia's cattle are raised and slaughtered in the eastern states. Therefore, these states house the majority of industry operators, to minimise the time and cost of the delivery of raw animal skins and hides... purchase to read more