Leather Industry Under Pressure

According to the recent report of leather industry, the overall sales of fur clothing and products in 2022 are not optimistic. In late December last year, although there was a small sales peak in the domestic market, the sales period was short and mainly consisted of clothes in stock. The demand for fur clothing in the international market is weak, and the number of exports has declined significantly throughout the year. In particular, the number of exports from Russia has been sharply reduced, and the overall operation of the fur industry is still under pressure. "From the perspective of global fur supply and demand, the number of skins produced in recent years continues to decrease, and the sales of fur clothing and products also show a declining trend, especially last year, the domestic fur inventory increased. It is expected that the price of fur in the first half of 2023 May rise slightly due to the impact of the strong sales of products before and after the Spring Festival, but the industry development is still not out of the trough. It is not recommended that domestic breeding enterprises blindly expand the group."

On the other hand, however, more and more manufacturers pay attention to faux leather, especially microfiber leather.