China: it’s an adjustment yearA (huge) market undergoing a phase of stabilization: this is how you can see the historical momentum of the leather […]
A (huge) market undergoing a phase of stabilization: this is how you can see the historical momentum of the leather industry in Beijing, after Li Yuzhong, chairman of China Leather Industry Association presented data relating to the first half of 2017 during the last ACLE event. Between January and July sales of leather goods and footwear of the domestic market grew by 6,6% , reaching a turnover of 103.5 billion dollars. Along with this, though, the export activity showed a negative trend of 8,2% (with a turnover of 38.4 billion dollars).
Regardless of numbers, Yuzhong explained that China currently has approximately 560 large and medium tanneries and that in the first six months of 2017 they laboured 350 million square meters of leather and produced – with regard to footwear – 2.27 billions shoes, an increase of 3,2% over the same period of the previous year, despite the growing Vietnamese competition. All kinds of footwear exports reached close to five billion pairs (valued at around 22.5 billion dollars). The apparel production is pretty much sealed with (+0,03%, compared to 2016), while the sector of leather goods and bags registered positive export and import trends, respectively of 11,2% (13.3 billion dollars) and 20,8% (890 million dollars).