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Demand for European cow hides up

Cowhides from all global origins have been in good demand from Chinese tanners since the middle of 2020, however, towards the end of last year the upward price momentum had started to slow. According to theSauerReport, there are signs that demand for European origins in particular may be increasing.

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Is the leather sector on the road to recovery?

The January-February 2021 print and digital app edition of International Leather Maker (ILM) features a host of exclusive interviews and market reports which examine how the global leather sector will fare in 2021 and post Covid-19.

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U.S. will not impose punitive tariffs on Vietnam

In a report released on January 15, the U.S. administration said Vietnam’s actions to undervalue its currency are “unreasonable” and restrict U.S. commerce, but it will not take immediate action to impose punitive tariffs.

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European demand for SUVs slows

The market share of SUVs is said to have remained stable for most of the year, but their registrations fell 13% in November, and 21% year-to-date when compared to 2019.

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Kering opens new operation centre in the U.S.

The France headquartered luxury conglomerate said that with the opening of offices in Wayne, U.S. state of New Jersey, it continues to strategically invest in the region to cope with the increased demand and continued growth of its Houses in the market.

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Luxury end of the market hit hard

Normally during troubled times, the luxury end of the leather market remains resilient. In fact, during the financial crash a few years ago, this segment carried on as usual as if nothing had happened. Those with large quantities of disposable income have remained somewhat immune to the spending constraints the rest of the population is dealing with, but the pandemic has caused problems like no other for the leather industry, and this time that includes the luxury end, writes theSauerReport Editor Ian Banks.

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RCEP could help Vietnam reduce manufacturing costs

As Vietnam sources a significant share of its production inputs from Asian countries such as China and South Korea, which were earlier not part of trade pacts, the country is expected to benefit from further preferential tariffs.

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