Global Leather Industry Market Prices Enter A New Stage

According to "leather business" recently released leather supply chain and market analysis report clearly pointed out that the global leather industry is entering a new stage, leather prices may decline.

The report says that the tanners' rejection is understandable, but the current price seems to hinder the development of demand.

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"Usually the price increase takes two times as long as the price falls to the original location."

The report says that tanneries will take months of hard work to produce finished leather and increase prices.

"We hope that the tanning industry can cope with some important changes, but the current price is bound to not generate enough demand for tanneries to operate at full capacity."

The report mentioned that market prices are being readjusted to an appropriate level to better match the status quo.

So far, tanneries seem to have some control and price changes will be gradual and controllable.

However, the report still warns that the length and extent of price correction depend on many factors, including "financial resources and psychological state", and therefore can not be accurately estimated.

"Take the lead and move the whole body", the report used the sentence to describe the market situation.

In 2014, the export of leather shoes and garments exported to Kampuchea totaled more than $6 billion, and the number of new factories increased. The government of Kampuchea was introducing new policies to attract more investors.

LTH Somheng, an official of the Ministry of labor and vocational training in Kampuchea, said that compared with the previous years, the number of shoe making and garment factories in Kampuchea has increased significantly this year.

In addition to agriculture and tourism, garment manufacturing and leather shoes manufacturing are two relatively stable industries in Kampuchea's export industry. The main export markets include the European Union and the United States.

The government of Kampuchea has set a goal to achieve 7% economic growth by 2015, so the government is introducing new policies to attract more foreign investors in ready-made clothes and

Investment in manufacturing, rice production, agricultural exports and tourism.