Higher leather price impacts on retail sales
Some leather insiders said so far this year leather price has grown 20%, the price increase has become a hot topic in the industry, the sales price of raw hides are on highest level in recent years, bovine leather surged by 50%, price almost doubled in fur market, which has stopped certain leather goods companies reducing their production.
One of shoes store owners in Zhengzhou city said 20% increased in production costs for a pairs of shoes, coupled with other increases we have no choice to raise the retail sales price. All the increases will transfer to consumers, which will finally bring uncertain to next half market.
SOURCE: China Leather Net.