China'S Leather Industry Market Growth Is Weak In The First Half Of The Year.

< p > the latest data show that in the first half of this year, China's "a target=" _blank "href=" http://www.91se91.com/ "leather" /a "industry faces many risks such as the international market downturn, rising production costs, raw material price fluctuations and exchange rate rise. The industry is now running smoothly, but it faces greater downward pressure.

In the 1-6 month, the sales revenue and profit of China's leather industry increased year by year, and the sales profit rate declined. Compared with the same period last year, the profit margin of the leather industry decreased. The output of light leather, fur a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > declined year by year, although the export growth rate is higher than that of the same period, but it is difficult to sustain.

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< p > 1. The output of upstream raw materials is down, and the growth of downstream exports is weak. < /p >

In the first half of the year P, China's regulation of light leather production was 280 million square meters, down 19.8% from the same period last year.

Hebei, Shandong and Guangdong accounted for 1/3 of the total output in the country, with a drop of 30% to 40%.

The decline in production is mainly due to market downturn and enterprises' digestion of inventory.

In the first half of the year, the export of finished leather was 15 thousand tons, down 6% compared with the same period last year, while the export amount decreased by 9.6%, indicating that the price of a href= "http://www.91se91.com/news/index_c.asp" > Finished Leather > /a > was at a low level, the profits of enterprises were squeezed, and the enthusiasm of production was limited.

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In the same period, China's a target= "_blank" href= "http://www.91se91.com/" shoes < /a > production 2 billion 230 million pairs, an increase of 1% compared with the same period last year, although the growth rate is limited, but it has reversed the cumulative decline in production since the beginning of this year. From May to June, it is expected that there will be a gradual upward trend in the future.

The leather garments produced mainly by domestic sales increased by 27 million 190 thousand, an increase of 8.2% compared with the same period last year, while 1 million 760 thousand of the export oriented fur garments.

A 6% decline in the same period last year, which has both the impact of falling demand and the seasonal nature of production.

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< p > two, sales revenue growth slowed down, profit growth dropped significantly < /p >

< p > sales, 1-6 month national regulation < a href= "http://www.91se91.com/news/" > leather fur < /a > and products and < a href= "http://www.91se91.com/news/" > footwear industry < /a > completed sales income of 538 billion 650 million yuan, an increase of 11.1% over the same period, the growth rate dropped 0.8 percentage points, and the cumulative growth rate showed a gradual decline.

From 17.2% to 11.1%, the pressure for future growth will be greater.

Among the top ten provinces, Fujian, Guangdong, Zhejiang and other traditional leather provinces occupy the top three, but the growth rates are lower than the average level of industry. Zhejiang's growth rate is even lower to 3.6%, while the central provinces such as Henan, Jiangxi and Hunan have increased considerably, 16.7%, 18.3% and 20.4% respectively.

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< p > profit margins, the total profit in the 1-6 month a href= "http://www.91se91.com" > leather industry < /a > achieved 31 billion 350 million yuan, an increase of 11.69% over the same period last year, and the growth rate dropped 4.5 percentage points.

As far as the region is concerned, Fujian, Hebei and Henan account for 54.4% of the total profit, but the largest share of Fujian's year-on-year growth rate has dropped, falling by 3.26%. In addition, the growth rate of Guangdong in leather province is only 4.8%, which has reduced the profit growth of the industry to a certain extent.

As far as the sub sectors are concerned, the profit growth rate of footwear industry occupying half of the industry is only 5.2%, while leather tanning and products industry's profit growth is 16.8%, and fur tanning and products industry's profit growth is as high as 31.1%.

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< p > three, the export speed is unsustainable and the import of raw materials gradually increases. < /p >

< p > China's leather industry accumulated a total of US $37 billion 581 million in the first half of the year, an increase of 12.3% compared to the same period last year. Its growth share has increased by 39.5% and 91.9% respectively in the first 2 months, mainly due to the increase of foreign stocks in the first quarter of this year during the Spring Festival.

Although export growth accelerated by 3.2 percentage points in the first half of this year, exports increased by 2 percentage points in April.

In the same period last year, the growth rate was rising.

Considering the comprehensive role of many factors such as the high cost of the industry, the effective exchange rate of RMB and the deterioration of the trade environment, the export growth rate is expected to slow down.

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< p > China's leather industry exports are mainly medium and low grade, and the export structure needs to be optimized.

Taking the 58% a href= "http://www.91se91.com" > shoes > /a > for example, its growth rate is lower than the average level of the industry by 1.5 percentage points, of which the low price rubber and plastic shoes accounted for 46% of the total, up 11.92% compared with the same period last year, while the higher price leather shoes accounted for 22.5%, and the growth rate was only 1%.

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< p > imports, in the first half of this year, China's "a href=" http://www.91se91.com "leather industry < /a > accumulative total imports of US $3 billion 970 million, an increase of 5.9% over the same period last year, the growth rate dropped 3.4 percentage points, and the cumulative growth rate showed a downward trend overall.

China's leather industry imports mainly from raw materials, and the value of raw materials such as finished leather, semi finished goods and tanned fur increased year by year, with an import volume of US $2 billion 300 million, accounting for 58% of the total imports of the industry.

In comparison, leather products generally show a downward trend in imports, while the growth of fur and products is up to 28%.

Meanwhile, the export volume of fur clothing decreased by 11%, while the import volume increased by 85%.

With the remarkable improvement of the living standards of Chinese consumers, the demand for < a href= "http://www.91se91.com" > fur products < /a > has been significantly improved, and the potential of domestic demand market is worth further mining.

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