Leather Goods and Accessories - Global Outlook

The global outlook series on Leather Goods and Accessories provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of global leather market, highlights latest market trends, and key growth drivers. Market discussions in the report are amply illustrated with 51 fact-rich market data tables, charts, and graphs. Regional markets briefly abstracted include United States, Canada, France, Germany, UK, China, and India.

The report recapitulates recent developments, mergers, acquisitions, and other strategic industry activities. Also included is an easy-to-refer, fact-finder directory of 379 companies worldwide, with addresses and contact details of each company.

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LEATHER GOODS AND ACCESSORIES

A GLOBAL OUTLOOK, JANUARY 2012

CONTENTS

1. MARKET OVERVIEW 1
Market Overview & Outlook 1
Global Market Analysis 1
Analysis by Region 1
Analysis by Product Category 1
Table 1: World Recent Past, Current & Future Analysis for
Leather Goods and Accessories by Geographic Region - US,
Europe, Asia-Pacific (Including Japan), and Rest of World
Markets Independently Analyzed with Annual Sales Figures in
US$ Billion for Years 2010 through 2015 2

Table 2: World Recent Past, Current & Future Analysis for
Leather Goods by Product Segment - Travel Items, Womens
Bags, Small Leather Goods, Professional Items, and Others
Independently Analyzed with Annual Sales Figures in US$
Billion for Years 2010 through 2015 3

Table 3: World 5-Year Perspective for Leather Goods and
Accessories by Geographic Region - Percentage Breakdown of
Dollar Sales for US, Europe, Asia-Pacific (Including Japan)
and Rest of World Markets for Years 2011 and 2015 4

Table 4: World 5-Year Perspective for Leather Goods and
Accessories by Product Segment - Travel Items, Womens Bags,
Small Leather Goods, Professional Items, and Others for
Years 2011 and 2015 5
A Peek into Leather Gloves and Mittens Market 5
Table 5: World Recent Past, Current & Future Analysis for
Leather Gloves & Mittens by Geographic Region - US, Canada,
Europe, Asia-Pacific (including Japan), Latin America, and
Rest of World Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2015 7

Table 6: World 5-Year Perspective for Leather Gloves &
Mittens by Geographic Region - Percentage Breakdown of
Dollar Sales for US, Canada, Europe, Asia-Pacific (Including
Japan), Latin America, and Rest of World Markets for Years
2011 and 2015 8
Leather Use and Modern Culture 8
Religious Beliefs towards Leather 9
Animal Rights Issues and Alternative Material Use 9
Brands and Brand Positions in the Leather Goods Sector 9
Table 7: Global Recent past, Current & Future Analysis for
Branded and Luxury Leather Goods - Analyzed with Annual Sales
Figures in US$ Billion for Years 2010 through 2015 10
Leather Market: History & Growth 10
Productivity Improvement 10
Light Leather Industry 10
Growth of Leather Industry within Developing Countries 11
Industry Trade Reforms 11

2. TRENDS & ISSUES 12
Impact of Recession in Retrospect 12
Impact of the Euro Crisis 12
Resurgent Demand for Leadther Goods Propels Cattle Hide Prices 12
Long Leather Gloves: Back in Trend 13
Waxing Popularity of Leather Jackets 13
Bomber Jackets Rule the Roost in the Leather Garments Segment 13
Traditional Leather Bomber Jackets 14
Simplified Version of Traditional Leather Bomber Jackets 14
Contemporary Leather Bomber Jackets 14
Lightweight Leather-Order of the Day 14
Textured/Perforated Leather 14
Lightweight Suedes 14
Buttery Slick Leather 15
Luxury Exotic Leather Shifting Away from the Classic Look 15
Women Spend More than Men 15
Leather Gifts Market Gains Momentum 15
Governments Encourage Export of Finished Goods 16

3. PRODUCT OVERVIEW 17
Leather - Introduction 17
Leather Forms 17
Vegetable-Tanned Leather 17
Chrome-Tanned Leather 17
Aldehyde-Tanned Leather 17
Synthetic-Tanned Leather 18
Alum-Tanned Leather 18
Rawhide 18
Leather Types 18
Top-Grain or Full-Grain Leather 18
Corrected-Grain Leather 18
Other Types of Leather 19
Leather Manufacturing Process 20
Role of Enzymes' 20
Conditioning and Preservation 21
Preserving Book Binding Leather 21
Leather Produced from Animals 21
Technical Research 22
Period: Before 1980s 22
Period: 1980-1990 22
Period: Early 2000s 23

4. STRATEGIC CORPORATE DEVELOPMENTS 24

5. PRODUCT INTRODUCTIONS/ INNOVATIONS 43

A REGIONAL MARKET PERSPECTIVE 55

1. THE UNITED STATES 55
Overview 55
Table 8: US Recent Past, Current & Future Analysis for
Leather Goods Market - Analyzed with Annual Sales Figures in
US$ Billion for Years 2010 through 2015 56

Table 9: US Recent Past, Current & Future Analysis for
Personal Leather Goods Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 56

Table 10: US Recent Past, Current & Future Analysis for
Personal Leather Goods Market - Analyzed with Annual Sales
Figures in Million Pieces for Years 2010 through 2015 57

Table 11: US Recent Past, Current & Future Analysis for
Belts/Small Leather Items Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 57

Table 12: US Recent Past, Current & Future Analysis for
Leather Gloves & Mittens Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 58
Export/Import Scenario 59
Table 13: US Exports of Leather and Furs by Destination (2009
& 2010): Percentage Breakdown of Value Exports for China,
Mexico, Italy, Hong Kong, Japan and Others 59

Table 14: US Imports of Leather and Furs (Unmanufactured) by
Country of Origin (2009 & 2010): Percentage Breakdown of
Value Imports for Italy, Brazil, Argentina, Mexico, China and
Others 60

2. CANADA 61
Overview 61
Table 15: Canadian Recent Past, Current & Future Analysis for
Leather Gloves & Mittens Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 61

3. EUROPE 62
Overview 62
Table 16: European Recent Past, Current & Future Analysis for
Leather Goods Market - Analyzed with Annual Sales Figures in
US$ Billion for Years 2010 through 2015 63

Table 17: European Recent Past, Current & Future Analysis for
Leather Gloves & Mittens Market - Analyzed with Annual Sales
Figures in US$ Billion for Years 2010 through 2015 64
Factors Influencing Consumer Behavior 64
Tanning Sector 65
Growth Strategies 66
Growth Barriers 66
Table 18: European Recent Past, Current & Future Analysis for
Leather Gloves & Mittens by Geographic Region - France,
Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2010 through 2015 67

3a. FRANCE 68
French Leather Accessories Market - An Insight 68
Table 19: French Recent Past, Current & Future Analysis for
Leather Gloves & Mittens Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 68

3b. GERMANY 69
An Overview of Leather Goods Market in Germany 69
Table 20: German Recent Past, Current & Future Analysis for
Leather Gloves & Mittens Market - Annual Sales Figures in US$
Million for Years 2010 through 2015 69

3c. ITALY 70
Overview 70
Table 21: Italian Recent Past, Current & Future Analysis for
Leather Gloves & Mittens Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 70

Table 22: Italian Consumption of Leather Goods and
Accessories for the Years 2009 & 2010: Consumption Value in
US$ Million for Handbags, Belts, Rucksacks, Small Leather
Goods and Others 71
Import-Export Scenario 71
Table 23: Italian Exports of Leather Goods and Accessories by
Product Group (2009 & 2010): Percentage Breakdown of Value
Exports for Handbags and Purses, Small Leather Goods, Belts,
Suitcases and Travel Bags, and Others 71

Table 24: Italian Imports of Leather Goods and Accessories by
Product Group (2009 & 2010): Percentage Breakdown of Value
Imports for Handbags and Purses, Small Leather Goods,
Suitcases and Travel Bags, Folders and Briefcases, and Others 72

Table 25: Italian Exports Of Leather And Furs By Destination
(2009 & 2010): Percentage Breakdown Of Value Exports For
Switzerland, France, Japan, Us, Germany, Hong Kong And Others 73

Table 26: Italian Imports Of Leather And Furs By Country Of
Origin (2009 & 2010): Percentage Breakdown Of Value Imports
For China, France, Switzerland, Romania, Belgium And Others 74

3d. SPAIN 75
Small Leather Goods 75
Table 27: Spanish Recent Past, Current & Future Analysis for
Leather Gloves & Mittens Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 75

3e. THE UNITED KINGDOM 76
Overview 76
Table 28: The UK Recent Past, Current & Future Analysis for
Leather Gloves & Mittens Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 76

Table 29: The UK Recent Past, Current & Future Analysis for
Leather Upholstery Market - Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2015 77

Table 30: The UK Recent Past, Current & Future Analysis for
Leather Suites Market - Analyzed with Annual Sales Figures in
‘000 Units for Years 2010 through 2015 77
Export/Import Scenario: A Historic Perspective 78
Table 31: UK Imports/Exports of Select Leather Items for the
Years 2006 & 2007 (Value in £ 000) 78

Table 32: UK Imports/Exports of Select Leather Items for the
Years 2006 & 2007 (Volume in Metric Tons/Kilograms/ Square
Meters) 78

3f. TURKEY 79
Current Industry Status 79
Leather Processing Industry 79
Historical Overview 79
Factors in Favor of Turkish Leather Industry 79
Future Growth Strategies 80
Export-Import Scenario 80
Table 33: Turkish Leatherwear Exports by Destination (2009 &
2010): Percentage Breakdown of Value Exports for Germany,
Russia, France, Italy, Spain and Others 80

Table 34: Turkish Exports of Leather Trunks, Hand-bags,
Suitcases, and Related Products by Destination (2009 & 2010):
Percentage Breakdown of Value Exports Italy, UK, Germany,
Russia, France and Others 81

Table 35: Turkish Exports of Footwear (Including Leather and
Non-Leather) by Destination (2009 & 2010): Percentage
Breakdown of Value Exports for Russia, Iraq, Saudi Arabia,
Germany, France and Others 82

3g. THE NETHERLANDS 83
Gloves Market - An Overview 83

3h. CROATIA 83
Overview 83

4. ASIA-PACIFIC 84
Overview 84
Table 36: Asia-Pacific (Including Japan) Recent Past, Current
& Future Analysis for Leather Goods Market - Analyzed with
Annual Sales Figures in US$ Billion for Years 2010 through
2015 84

Table 37: Asia-Pacific (Including Japan) Recent Past, Current
& Future Analysis for Leather Gloves & Mittens Market -
Analyzed with Annual Sales Figures in US$ Million for Years
2010 through 2015 85

4a. JAPAN 86
Overview 86

4b. CHINA 87
Overview of Leather Garments Sector 87
Impact of Recession on the Chinese Leather Industry 87
Post-Recession Scenario 88
Exports and Imports Scenario 88
China - A Big Importer of US Hides 88
Chinese Government to Strengthen Supervision of Imported Hides
and Skins 88
Synthetic Leather Gaining Popularity 89
Women's Leather Shoe Market 89
Changes and Challenges 89
Outlook for Chinese Leather Industry 90
High Prices Fail to Deter Chinese Imports of Leather Products 90
Chinese Tanneries Increasingly Pursue Innovation and Upgrading 91
Government to Help Chinese Leather Industry to Break into the
Big League 91
New Growth Opportunities for China's Leather Industry 91
Table 38: Chinese Recent Past, Current & Future Analysis for
Leather Accessories and Trimmings Market - Analyzed with
Annual Sales Figures in US$ Million for Years 2010 through
2015 92

Table 39: Production of Leather Shoes in China: Output Value
in US$ Billion for Years 2010 through 2015 93
Export-Import Market: A Historic Perspective 93
Table 40: Chinese Exports of Leather and Leather Products for
the Years 2007 & 2008: Export Value in US$ Million for
Traveling Goods & Cases, Leather Shoes, Components for
Footwear, Leather Garments, Leather Gloves, Skins Leather,
Leather Balls, Fur Garments,Leather Equipment, and Raw Hides
Leather 93

Table 41: Chinese Imports of Leather and Leather Products for
the Years 2007 & 2008: Import Value in US$ Million for
Leather, Raw Hides & Skins, Traveling Goods & Cases,Leather
Shoes, Components for Footwear, Leather Equipment, Leather
Garments, Leather Equipment Parts, Fur Garments, Leather
Balls, and Leather Gloves 94

4c. HONG KONG 95
Overview 95
Challenges 95

4d. INDIA 96
Overview 96
Indian Leather Industry Rows in Soft Waters 97
Gains from Congenial Government 97
Policy Level Changes to Alter Industry Landscape 98
Recession Veers the Industry Off-Course 98
Current Scenario: Optimism Tempered by Uncertainty 98
Future Growth Prospects 99
Table 42: Indian Recent Past, Current & Future Analysis for
Leather Wallets Market - Analyzed with Annual Sales Figures
in US$ Million for Years 2010 through 2015 99

Table 43: Manufacturing Capacity in the Indian Leather Goods
Industry by Product Segment: 2010 100

Table 44: Indian Leather Goods Market (A Historic
Perspective): Number of Leather Production Units by State for
the year 2008 (In Units) 100
FDI Inflows in Leather Products and Leather Industry 101
Major Production Facilities 101
Export Scenario 101
Leather Footwear Leads Indian Leather Exports 101
Table 45: Indian Exports of Leather Goods for FY 2009-10 &
2010-11 by Product Category - Leather Footwear, Leather
Parts, Leather Apparel, Saddlery & Hardness, and Other
Leather Goods (Value in US$ Million) 102

Table 46: Indian Exports of Leather Goods and Accessories
for the Financial Years 2009-10 & 2010-11: Percentage
Breakdown of Value Exports by Country India on Track to
Become the Leading Destination for Leather & Leather Goods 102

4e. INDONESIA 103
Developments in Indonesian Gloves Market 103

4f. PAKISTAN 104
Overview 104
Competition from Chinese Players 104
Leather Industry Demands and Requirements 105
Sialkot Tanneries Causing Water Pollution 105
Low Duty Drawback Rates Affect Competitiveness 106
Export of Leather Gloves on the Decline 106
Waning Export Levels Dampen Market Prospects 106
Other Impending Factors 107
Export Snippets: A Historic Perspective 108
Table 47: Pakistani Exports of Leather and Leather Products
for the Years 2007 & 2008 by Category - Leather, Leather
Garments, Leather Gloves, Leather Footwear, andLeather Goods
(Value in US$ 000) 108

Table 48: Pakistani Exports of Leather Garments for the Years
2007 & 2008 by Destination Country/Region (Value in US$ 000) 109

Table 49: Pakistani Exports of Leather Gloves for the Years
2007 & 2008 by Destination Country/Region (Value in US$ 000) 109

4g. BANGLADESH 110
Overview 110
Economic Slowdown Hits Finished Leather Exports of Bangladesh 110
Government to Revamp Leather Industry to Exploit Expansion
Potential 110

4h. SRI LANKA 111
Overview 111
Industry Scale 111
Government Measures 111

4i. THAILAND 112
Overview 112

4j. VIETNAM 113
Overview 113
Growth Focus 113

5. REST OF WORLD 114
Overview 114

5a. MIDDLE EAST AND AFRICA 115
Overview 115
Focus on Select Countries 115
Botswana 115
Overview 115
Ethiopia 115
Overview 115
Ethiopian Leather Sector Eyeing Global Market 116
Production of Leather 116
Production Units 116
Leather Exports 117
Strategic Thrust from Government 117
Export Revenues Improving 117
Ethiopia in Premium Markets 117
Opportunities in the Ethiopian Market 118
Factors Impeding Growth 118
Iran 118
Overview 118
Kenya 119
Overview 119
Saudi Arabia 119
Overview 119

5b. LATIN AMERICA 120
Leather Gloves and Mittens Market - Overview 120
Table 50: Latin America Recent Past, Current & Future
Analysis for Leather Gloves & Mittens Market - Analyzed with
Annual Sales Figures in US$ Million for Years 2010 through
2015 120
Focus on Select Countries 120
Argentina 120
Overview 120
Argentinean Government to Boost Domestic Leather & Leather
Goods Sectors 121
Brazil 121
Overview 121
Brazilian Leather Industry Making a Mark in the
International Market 121
Table 51: Brazilian Exports of Leather and Fur (A Historic
Perspective) by Select Province - Bahia, Ceara, Goias, Mato
Grosso do Sul, Minas Gerais, Parana, Rio Grande do Sul, and
Sao Paulo (in US$ Million) for the Year 2008 122
Topical Industry Status 122
Colombia 123
Overview 123
Uruguay 123
Overview 123

GLOBAL DIRECTORY

The recent global economic recession, which had a negative impact on most of the industry sectors during 2008 and 2009, not surprisingly left the global market for leather goods and accessories hurting. Following the decline in revenue growth during the period, the global leather goods and accessories industry staged a comeback in the year 2010, primarily driven by resurgence in growth fundamentals such as improvement in global economy, and subsequent improvement in consumer spending power. However, the recovery did not last very long, as the industry stumbled upon another obstacle as a result of the debt crisis in the Euro region. The Euro debt crisis induced an exacerbating impact on the value of many global currencies, thereby subjecting the global leather industry to certain external pressures such as fluctuations in exchange rates. The impact has been more adverse on small and weak exporters, as they do not possess the financial capability to hedge currency risks.

Developing nations are the prime producers of leather goods and accessories, while developed nations represent the leading consumers. The markets for leather goods and accessories are concentrated in the developed nations. The presence of high net worth individuals and high GDP in these countries are the prime factors that lead to the domination of these markets worldwide. The market structure is fragmented with several large global companies and several small local handicraft traders. Consumption trends tend towards globalization, and players with a global presence are less affected by the regional economic turbulences. Price range of leather goods is distinctively very large. Price positioning is based on brand relevance, and the factors determining brand relevance include innovation, quality, and design content.

Travel items represent the largest product segment in the global market for leather goods. However, recent trends suggest that long leather gloves are once again gaining tremendous popularity among consumers. Versatility and widespread appeal are considered the two main factors responsible for this trend. Leather is employed in varied applications due to its wind resistance and exceptional abrasion quality features. Of late, leather jackets have been gaining immense popularity, thanks to the high levels of innovation and product development, brought in by various designers and leather companies. Bomber jackets have also become popular among consumers, and serve as a stylish outfit by meeting the requirements of fashion buffs. Originally meant for defence personnel, leather bomber jackets are eventually being worn by both men and women, depending upon their design and style.

Global Industry Analysts ©