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- French Leather Industry Exports Hit €17.26 Billion in First 11 Months of 2024 & Italian Government Pledges €250 Million to Support its Fashion Industry
French Leather Industry Exports Hit €17.26 Billion in First 11 Months of 2024 & Italian Government Pledges €250 Million to Support its Fashion Industry
Adidas Closes Q4 2024 with €5.9 Billion | Puma Reports €282 Million Profit | Brazil Sees 23% Decline in Vegetable Tanning Extracts Exports Dropping to $28 Million in 2024 and more in this week's global leather industry news and updates.
Arshad Leathernews.org
January 26, 2025
Good Morning & Welcome to our weekly newsletter! Here, we bring you the entire week's global news, insights, market research & analysis, expert insights and facts from the global "leather, footwear, and leather goods" industry.
In a simplified and easy-to-understand manner, saving you time while keeping you informed & updated under 5 minutes every Sunday at 11am.
In case you missed it, here’s a look at what happened in the Global Leather, Footwear & Leather Goods Industry last week.
LEATHER INDUSTRY NEWS
The French leather industry saw varied trends from January to November 2024. A report by Alliance France Cuir, using data from French Customs and CTC, highlights growth in luxury goods, despite challenges in raw material production and some segments.
Exports Data (Jan - Nov 2024)
Raw hides and skins (Cuirs et peaux bruts): €190.1M
Tannery (Leather) (Tannerie Mégisserie): €205.5M
Footwear (Chaussures): €5,017.8M
Leather goods (Maroquinerie): €11,821.2M
Gloves (Ganterie): €28.58M
Exports: €17.26 billion
Imports: €12.41 billion
Trade surplus: €4.85 billion
The 38th India International Leather Fair (IILF) is set to dazzle from Feb 01-03, 2025, at Chennai Trade Centre's new 11,000+ sq. meter venue. Expect 400+ exhibitors, national pavilions (Brazil, France, Germany, Italy), and cutting-edge innovations.
Convention Centre: Finished Leather & Synthetic materials, Chemicals & Leather Products
Old Hall Nos. 1 (A,B), 2, 3: Chemicals, Components, Footwear Components, Materials, Synthetic Materials
New Halls – No.1,2: Finished Leather, Leather Goods, Fashion Accessories
New Halls – No.2,3,4: Machinery, Equipment and Technology
National Visitors Registration: Register here
International Visitors Registration: Register here
The Ministry of Enterprises and Made in Italy has allocated €250M to revive the struggling fashion industry in 2025. Regions like Tuscany face factory closures, with 300+ businesses shutting down this year. Will this funding be enough? Here’s why many in the industry remain disappointed
Brazil's vegetable tanning extract exports fell by 18% in 2024 to 13,000 tons, marking an 8th consecutive yearly drop. Export value dropped 23% to $28 Million, far from 2016's $55M peak. Can the industry rebound?
London set the stage on Jan 21, 2025, with 40 exhibitors showcasing cutting-edge collections at the vibrant Ham Yard Hotel. First-time visitor numbers surged, sparking excitement for the U.S. stop on Jan 29–30 in NYC with 100+ exhibitors.
FOOTWEAR INDUSTRY NEWS
Adidas has reported stellar financial results for Q4 2024, with revenues jumping 24% to €5.9 billion and profits seeing a sharp turnaround. Full-year revenue hit €23.6 billion, with margins rising to 50.8%.
“I am very pleased with how the fourth quarter and the full year unfolded for Adidas. Despite challenging market conditions, our 19% currency-neutral growth in Q4 demonstrates the strong momentum of our brand and products.”
Puma faces a profit dip in 2024, with net earnings at €282M, down from €305M in 2023. Despite 9.8% Q4 sales growth (€2.38 Billion) and regional boosts (EMEA +14.3%, China +7.4%), EBIT margin fell to 7.1%. Aiming for 10% by 2027, cost cuts are on the way.
Here’s the Link to Last Week's Newsletter
Spain’s Leather Industry Struggles While Footwear Sector Sees Strong Growth in 2024 | Trump’s Tariffs Could Push Footwear Prices to $110 Can U.S. Domestic Manufacturing Compete with China? and more in this week's global leather industry news.
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Written & Published by Arshad | Leathernews.org
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