Leather and Leather Substitute Product Manufacturing in Australia - Industry Market Research Report
Description
Leather and Leather Substitute Product Manufacturing in Australia
Key downstream markets for the Leather and Leather Substitute Manufacturing industry are the clothing, furniture and automotive sectors. In recent years, these downstream markets have offshored their operations to take advantage of lower overhead costs. Countries like China and India have fewer regulations and source leather products nearby at competitive prices, so moving operations to these countries drastically improves companies' profit margins. Domestic manufacturers have transitioned to selling high-value products, focusing on premium hides and leather goods due to fierce competition from low-cost imports. Australian leather manufacturers rely heavily on international markets for both exports and imports. Exports are essential for the manufacturing supply chain, where manufacturers outsource a portion of leather processing to countries like China. Pandemic-related lockdowns and supply chain disruptions in global economic markets have severely disrupted the downstream vehicle manufacturing market. Vehicle manufacturers worldwide suffered from input delays, like semiconductor shortages, diminishing demand for leather interiors. Overall, industry revenue is expected to decline at an annualised 5.1% over the five years through 2023-24 to $419.9 million. This includes a current-year decline of 2.6%, largely due to developing international operations.
Industry firms primarily cut, tan, finish and dye leather and animal hides, skins and fur. Companies also produce sheepskin and slipe wool. Operators also manufacture leather or synthetic leather handbags, wallets, suitcases, saddles and harnesses. The industry excludes leather clothing and footwear manufacturing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Key downstream markets for the Leather and Leather Substitute Manufacturing industry are the clothing, furniture and automotive sectors. In recent years, these downstream markets have offshored their operations to take advantage of lower overhead costs. Countries like China and India have fewer regulations and source leather products nearby at competitive prices, so moving operations to these countries drastically improves companies' profit margins. Domestic manufacturers have transitioned to selling high-value products, focusing on premium hides and leather goods due to fierce competition from low-cost imports. Australian leather manufacturers rely heavily on international markets for both exports and imports. Exports are essential for the manufacturing supply chain, where manufacturers outsource a portion of leather processing to countries like China. Pandemic-related lockdowns and supply chain disruptions in global economic markets have severely disrupted the downstream vehicle manufacturing market. Vehicle manufacturers worldwide suffered from input delays, like semiconductor shortages, diminishing demand for leather interiors. Overall, industry revenue is expected to decline at an annualised 5.1% over the five years through 2023-24 to $419.9 million. This includes a current-year decline of 2.6%, largely due to developing international operations.
Industry firms primarily cut, tan, finish and dye leather and animal hides, skins and fur. Companies also produce sheepskin and slipe wool. Operators also manufacture leather or synthetic leather handbags, wallets, suitcases, saddles and harnesses. The industry excludes leather clothing and footwear manufacturing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
77 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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