Leather & fur industry maintains growth trend

07 Nov '08

2 min read

Official statistics show that during January to August 2008 period leather and fur industry of China maintained a steady upward trend, even though growth rate continued to decline.

Industrial output value of all state-owned and privately owned leather, fur and related product enterprises with annual sales of more than 5 million yuan (large-scale) amounted to 356.5 billion yuan, up 20.7 percent as compared to same time last year. The growth-rate marked a slight fall of 2.8 percent.

Growth rate in export delivery value continued to drop, accounting for less than 40 percent in sales output value. Proportion of export delivery value from large-scale leather, fur and related product enterprises, in the first eight months of 2008, accounted for 38.1 percent of sales output value, registering a year-on-year plunge of 6.6 percent.

From January-August 2008, total corporate profits of above-scale leather, fur and related product enterprises reached 15.74 billion yuan, year-on-year rise of 20.4 percent. Large-scale leather, fur and related product companies realized sales profit margin of 4.6 percent, almost similar to that of same period last year.

Production and sales rate of above-scale leather, fur and related product enterprises was 97.8 percent

Import and export volume increased further, but growth-rate slumped significantly. From January to August 2008, exports of leather, fur and related products scored US $27.92 billion, climb of 7.9 percent year-on-year, but growth-rate fell 5 percentage points.

Meanwhile, imports marked $3.74 billion, recording a slight hike of 1.2 percent as compared to same time last year.

Fibre2fashion, News Desk - China

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