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UNIC Assembly July 1 in Milan takes stock of activities and announces major projects to meet future challenges
Keep reading...February 2025
According to the Report by Centro Studi di Confindustria Accessori Moda for Assopellettieri, in the first 9 months of 2024 exports dropped (-9.7% in value, with -12.5% for leather handbags) and the domestic market remained stagnant (-0.5%), with heavy effects on turnover and physical production.
The data processed for Assopellettieri by the Study Center of Confindustria Accessori Moda describe a still suffering 3rd quarter (-6.7% trend in foreign sales, with -28% to China) and estimate a year-end in which the absence of significant improvements in the economic trend in the final months could cause sector turnover to drop to about 12 billion euros, with the loss of more than 1 billion over 2023 (-8.4%).
A framework in which the easing of downturns in the second half of the year (for comparison with already unsatisfactory 2023 months) does not change the overall assessment of a year to be quickly filed away, marked by a noticeable slowdown in international trade that did not spared even luxury. The slowdown in demand following the post-Covid rebound, which was already evident during 2023 and has intensified sharply since the beginning of 2024, has led to a setback in manufacturing activity, with negative balances in the number of active companies (-107 from January to September) and employees (-1,307), along with a sharp increase in the number of hours of layoffs authorized in the leather sector (+139.4 percent).
Confirmation of this difficult scenario also comes from the ISTAT index of industrial production, which, net of calendar effects, shows in the first 9 months for the item “Travel and leather goods” a contraction in quantities realized of as much as -20.5 percent. Markedly unfavorable indications have affected every single month since the beginning of 2024, with the sole exception of August (+3.3%), which, however, was immediately followed in September by a further heavy retreat, in the order of -30%. Even in terms of turnover, the reports emerging from the usual sample survey conducted by the Confindustria Accessori Moda Study Center among Assopellettieri member companies show a slowdown in the comparison with 2023.
UNIC Assembly July 1 in Milan takes stock of activities and announces major projects to meet future challenges
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