China Leather Shoes Industry Report

17 March 2014

Due to an economic slowdown in China and globally in 2012 and2013, leather shoe manufacturers and retailers are under increased operational pressure, which is accelerating a general mood among Chinese consumers who aren't buying non-essentials like leather shoes.
As a result, price increases of raw materials, increased exchange rates and soaring labour costs, combined with an ever-competitive business environment is resulting in pessimistic attitudes toward the future.
In 2012 through 2013, the Chinese leather shoes industry declined, with output growth rates down to 5.3% and 7.5%, respectively, while the consumption growth rates were down to 9.2% and 8.4%. And considering reserved consumer and entrepreneurial confidence, it's expected that rates for output and consumption will further decline between 2014 and 2015.

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