Sister website Leatherbiz published the most recent Leatherbiz Market Intelligence on March 21. Subscribers can read the full report here.

In this issue, the mood is downbeat. Longed-for large orders of leather from footwear manufacturers for next winter’s shoe collections have not arrived in the volumes required to signal a turnaround in leather’s fortunes, and time is running short now. This comes on the back of a poor furniture season and automotive orders that seem to concentrate on the higher end, with correspondingly limited volumes.

 “We do not foresee any positive change in the coming weeks,” the newsletter concludes. “Current production will be maintained, but a fundamental improvement is not in sight.”

Image: Caleres.

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