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China is one of the major production and export hubs for the global leather goods manufacturing industry. However, due to the impact of the COVID-19 pandemic and global economic instability, the total export value of the Chinese leather goods industry declined by over 20% in 2020. Nevertheless, the leather goods export market has shown signs of recovery in 2021, with the total export value exceeding 250 billion yuan and a year-on-year growth rate of over 8%.
Furthermore, in recent years, the Chinese leather goods industry has made progress in terms of technological innovation and sustainable development. It has evolved from small family workshops to an industry with over 26,000 enterprises, employing over 2 million people, and generating an annual output value of nearly 80 billion yuan. Efforts are being made to enhance independent innovation capabilities, improve product quality, and strengthen brand building and market management in the Chinese leather goods industry.
Overall, despite facing challenges, the Chinese leather goods industry is expected to rebound in the export market as the global economy recovers and the Chinese market continues to develop, maintaining stable growth.
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.
