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- France’s leather and footwear sector showing mixed performance, with upstream activity down 11.4% despite selective gains in finished leather production
- Continued pressure on global hide markets, with Brazil’s price index down 35.1% year-on-year and South African prices declining week-on-week
- Luxury showing signs of recovery, as Burberry returns to comparable sales growth and LVMH reports resilient performance despite a 5% revenue decline
- Ongoing weakness in key leather segments, including upholstery and footwear, with subdued demand across Europe and Turkey
- Trade flows shifting ahead of Lunar New Year, with U.S. hide demand softening and Asian buyers stepping back temporarily
- Growing geopolitical influence on trade, highlighted by India’s push for zero-duty EU access and wider tariff and energy cost asymmetries
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