Arsutoria Tannery – December 2017The new issue of Arsutoria Tannery is out
The Economic Department of Lineapelle provides positive cues for the future, provisionally taking stock of the trend of the leather sector in 2017.
The leather world relies a lot on luxury brands. They are the driving force of the sector. Therefore, it’s good to see that this reference market is firmly positive again in the first half of 2017: the Kering group, driven by Gucci (+43% of revenues), Yves Saint Laurent (+28%), Bottega Veneta (+2%). A double-digit growth also for the fashion and leather goods division of LVMH (+14% and +34%, respectively). A 10% increase in turnover for Hermès, while Ferragamo group’s revenues are stable.
The positive half-year data of Italian footwear bode well, as the sector grows again after the uncertainty of the first months of 2017 (+2%); the EU average is increasing too (+5%), driven by Germany and Poland (both with a double-figure increase). The data coming from Spain, France and Eastern Europe are positive too.
China is the exception, as its slowdown phase continues, while the data coming from Asian manufacturing countries are generally positive, and so are those from Brazil (+16%) and Turkey (+5%).
Instead, we can talk about a real exploit for the Italian leather goods sector, which records a total increase of over 20% in the first half of the year. A favourable trend also at European level (+12%). UK, Poland and Spain are doing well (they all have a double-figure growth), France not so much (-1%).
The Italian garment sector is the only one that distinguishes itself with a negative -2%. Uncertainty also at European and international level.
If we look at Italian and European furniture (+6% and +3%, respectively) we can smile again. Only Germans (-1%) and Romanians (-3%) are in decline. U.S. orders are going well (+6%).
The automotive’s run in Europe continues in the first half of 2017, and the number of newly registered vehicle grows almost twice as fast in Italy than in the EU (+9% and +5%, respectively). The U.S. market is weak (-2%).