Leather Products Production in China increase by 25%
Chinese leather industry is recovering well form the economic crisis and China is leading the way, thanks mostly to The Chinese Consumer whose spending power has considerably increased. After having experienced a downturn, the upturn is equally sharp and the industry is posting good results.
According to Zhang Shutina, President of the China Leather Industry Association, the overall production of leather products in China increased by 25%. All the significant sectors of the industry from foot wear to automotive and interiosrs have contributed to the rise. Leather footwear exports increased by 9% and reached a value of US$ 4.41 billion. Although no formal statistics are available, the current average purchase of 1.5 pairs of shoes per year in China is expected to double as the Chinese urban population increases.
The boom initiated last year in the automotive industry is now set out of 14 million vehicles, the Chinese car industry has put on the road this year, a large number comes with leather upholstery fittings. China is one of the leading markets where leather fittings are the preferred option.
SOURCE: LEATHER AGE