Selfish interest
24.08.2012 3872

Selfish interest

In the United States made a forecast for the development of the leather industry until 2017 year

The leather industry over the past five years has reduced its income by exactly half due to falling demand from manufacturers of shoes, cars and furniture. The IBISWorld research team has made a forecast for the development of the leather industry in the United States before 2017. Now, 1600 companies have been created in the industry, employing more than 5000 people. The turnover in this segment is $ 2 billion. According to IBISWorld forecasts, the industry is stabilizing, as demand is slowly but recovering. Growth driver is ecologically oriented buyers who are ready to abandon shoes and upholstered furniture made of low-quality artificial materials.

According to IBISWorld analyst Olivia Tan, in 2010 the growing demand for leather along with rising prices (they increased by 24% per year) were able to provide tanners with an increase in profitability of 61%. This effect mitigated the effects of the 2008 crisis. However, from 2007 to 2012, net revenue fell and falls by $ 1,8 billion annually (about 1% per year).

Over the next five years, until 2017, industry revenues will decline, but at a slower pace, the United States will remain the world's largest exporter of leather, business consolidation through mergers and acquisitions will continue, and competition from importers will intensify.

New York will remain the largest leather cluster in the United States - due to the large number of farms and infrastructure for leather processing, it now accounts for 17% of total sales. Based on materials from analpa.ru.

In the USA, they made a forecast for the development of the leather industry until the 2017 of the year. The leather industry over the past five years has reduced its income by half due to falling demand from ...
2.93
5
1
1
Rating

Latest News

The luxury market demands bolder solutions

Luxury group Kering ended the first quarter of 2026 with a decline, and for Gucci, which is part of the group, it was the eleventh negative quarter…
08.05.2026 751

Misli Studio has released a denim shoe collection in collaboration with Off Vintage.

Denim complements sneakers and clogs; these styles were featured in a collection by St. Petersburg brand Misli Studio in collaboration with the St. Petersburg vintage store Off…
07.05.2026 944

Vans has released sneakers with a denim upper.

American Vans has released the Vans Authentic "Denim Pack" collection, which includes sneakers with denim uppers. The denim trim extends from the upper to the entire sole, offering excellent opportunities for…
07.05.2026 1661

Happy Victory Day!

81 years ago, the Soviet people celebrated victory over the Nazi invaders with great joy! We remember the heroic deeds of our grandfathers and…
07.05.2026 981

Puma reports strong results for the first quarter of 2026

Puma reported a strong start to its 2026 financial year, helped by inventory reduction efforts, and also announced the appointment of Mark Langer as chief financial officer, writes…
07.05.2026 1066
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning