Tanning and Dressing of Leather in Australia: ISIC 1911 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 17:09:02
Over 2000-2010 the Australian market for tanning and dressing of leather was relatively small, but experienced healthy growth of 10% annually on average to reach a value of A$628 million by the end of 2010.
Demand was mainly created by commercial buyers, as the production provided is not prepared for final consumption but instead considered to be a raw material for further production processes. Business-to-business consumers accounted for 100% of total sales by the end of 2010, with expenditure more than doubling from 2000.
The demand in the reviewed market is highly income elastic, as final output from leather are mainly clothes and footwear, purchases of which are considered to be highly dependent on disposable income of final consumers. When disposable income is declining people tend to search for cheaper substitutes for leather. The turnover of local producers exceeded the size of total sales in the reviewed market by the end of 2010.
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