China's Tannery Industry Is Running Smoothly

- Jul 02, 2018 -

According to the statistics of the National Bureau of Statistics and the General Administration of Customs, the overall economic operation of the Chinese tanning industry from January to April 2014 was relatively stable. It is expected that the number of tanneries in China will decrease in the future, but the scale of enterprises will expand, and the output and demand for leather and leather products will remain stable and increase slightly.

Maintain steady development trend


The sales revenue of the tanning industry increased rapidly and the profitability continued to increase. From January to April 2014, the sales revenue of China's above-scale tannery enterprises was 47.35 billion yuan, a year-on-year increase of 10.3%; the sales profit rate was 6.2%, an increase of 0.6 percentage points over the previous year.


Affected by the decline in China's light leather output, imports of raw hides and semi-finished leathers have declined slightly but are still within normal fluctuations. From January to April 2014, China imported 730,000 tons of raw and semi-finished leather, which was 1.78 billion US dollars, down 2.1% and 5.5% respectively.


China's leather industry will maintain a stable and good development trend, and the market demand for leather products will grow steadily. Su Chaoying, chairman of the China Leather Association, said that with the economic recovery in developed countries and the continuous deepening of China's reforms, it is expected that the tanning industry will continue to maintain a stable and good development trend in the second half of this year. The value of imports and exports may be affected by the market. There was a slight fluctuation.


Industry advantages will be more prominent


In the medium to long term, China’s economy has a variety of favorable conditions for sustained and healthy development, and its long-term trend has not changed. In particular, with the convening of the Third Plenary Session of the 18th CPC Central Committee, the dividends of reform will surely be released to a greater degree. The demographic dividend will shift to a quality dividend. The industries with higher complexity and human capital intensiveness will give birth to new advantages; urbanization and information The combination of new trends, such as chemical and green low-carbon, can unleash the new impetus for industrial upgrading; the residential and bank-led residents' consumption upgrade will continue to advance, and the potential for service consumption development will be huge. According to the research group of the Development Research Center of the State Council, the average annual growth rate of China's GDP will remain around 7% by 2020. According to this rate of development, the 18th CPC National Congress proposed that “to achieve GDP and the per capita income of urban and rural residents by 2020 can achieve the target of double doubling in 2010. The completion of a well-to-do society will have a more solid material foundation.


Although the current growth rate of China's export of leather products has slowed down, the export structure of China's leather products is improving. The export market is increasingly diversified. The steady growth of foreign trade in leather is on the rise. Investment opportunities in foreign markets have increased, and there is ample room for companies to "go abroad"; Although the pressure of energy saving and emission reduction is huge, enterprises are able to improve themselves and behave more standardizedly; the government and the market have increased their trust in enterprises; the innovation power of enterprises has been significantly enhanced; resources have further gathered to high-quality enterprises; the soft and hard strength of the entire industry has been experienced. 


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