Ruble Plummeted Or Will Affect The Export Of Shoes, Clothing, Leather And Other Light Industries.

This week Russia's ruble plunged Russia's economy to the brink of crisis.

Russia's economic and financial crisis will have some impact on China's economy, especially those with trade relations with Russia.

It is understood that China's export share to Russia is dominated by more traditional light industrial products, including

,

Leather and so on.

The proportion of exports of electromechanical products and automobiles has been increasing gradually in recent years.

From the perspective of the family car industry, more than 10 domestic brand enterprises are exporting to Russia, with the highest annual sales of nearly 25000 vehicles.

Yesterday, BYD motor stock prices plummeted, and this morning BYD has confirmed that it may cause a loss of 200 million yuan.

Ruble's collapse has also been a blow to traditional light industrial products. Liu Dongsheng, a UBS Investment, has warned that enterprises in Russia's main export business will be affected in the short term.

But he also suggested that

Although the decline in the exchange rate means cheaper purchases in Russia, the sharp decline will cause the economies concerned to fall into a "shock" state. Commodities such as chemicals, logs, pulp and other commodities imported from Russia may be in a state of stagnation.

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The first digital International Leather forum organized by the international leather industry analyst Hidenet Brazil is held in China Leather net.

Chen Zhanguang, deputy director general of China Leather Association, Deputy Secretary General of China Leather Association and Zhou Yunfei, vice president of Henan Jiaozuo Longfeng fur and leather Co., Ltd. were invited to attend the seminar. The guests discussed the topic of leather supply, industrial pformation, environmental protection, consumer demand and future development trend of China leather industry.

Zhong Jide, chairman of Brazil Hidenet and Donald, technical director of Henan Longfeng fur and leather Co. Ltd., witnessed the successful holding of the whole forum at the same time around the world.

On the forum, Su Chaoying made a simple general description of the leather market of the whole Chinese leather industry.

Taking cowhide as an example, cattle slaughtering in China is currently about 40 million, which is far from meeting the processing requirement of 200 million sheets per year in the domestic market.

"50% of China's raw materials depend on imports, and the price of international raw materials even fluctuates slightly, which may have a great impact on China's leather industry."

Su Chaoying said that in recent years, China's leather industry, which is in the industrial chain sandwich layer, is greatly influenced by the rising price of raw materials and the pressure is doubled.

Although the price of raw materials has dropped slightly in recent years, it is still not enough to offset the pressure of rising costs.

Su Chaoying suggested that under pressure, enterprises could consider focusing on improving labor efficiency, reducing other operating costs and shouldered the current difficulties.

For the future trend of raw material price, Chen Zhanguang analyzed the historical fluctuation of raw material price.

He said that before 2009, prices had changed but remained stable. After 2009, the price of raw materials has repeatedly increased, and demand has been sluggish.

This will be harmful to the development of the leather industry, and even cause harm, because the rise of costs is like the Domino dominoes, and chain hazards will continue to be pmitted.

Chen Zhanguang believes that if the price of raw materials can come back to rationality, it will ensure the healthy development of the industry.

Zhou Yunfei introduced the price trend and development of the sheepskin market.

He said that sheepskin prices began to decline earlier this year, with a decline of between 30% and 40%.

But he believes that this does not mean that the market will continue to fall, but a rational return of the price level.

The global economy is sluggish and the industry is stagnant. The association organizations and enterprises call on the industry and enterprises to unite and advance together, stabilize the price of the raw leather market, and build a healthy development space.