The leather market is similar to many commodity markets as it is fundamentally driven by both supply and demand. While supply of leather is generated from hides and is relatively transparent, demand for leather is more opaque, as it is a function of consumer demand for products that contain leather which include shoes, furniture along with the automobile upholstery and accessories. In this article we will examine the drivers of leather demand and put forth an argument for the inputs that help define the Jacobsen Leather Demand Index.Read More
By Gary Gagnon
There is usually a lot of speculation in the hide market each year ahead of the spring Asia Pacific Leather Fair. This year the APLF is being held from March 30 through April 1 which coincides with leather business transitioning from the end of its busier period to a slower stretch.
In order to help bring our memories in focus, the chart below shows BBS and NBC prices and the APLF since 2010. The data in general shows that prices following the fair tend to drift lower. It also appears that from the onset of 2012 the market shifted into bull mode with price increases for over two years and then it changed course after the 2014 APLF.Read More
Gary Gagnon is the Hide and Leather Editor at the Jacobsen. He has been with the company since 2008 and brings extensive experience in the Hides market, both fiscal and handson. He manages the daily publication of the of the Jacobsen North American Hide Bulletin/Price Guide and weekly International Hide Bulletin/Price Guide. He is also an expert speaker regarding the state of the industry, trends, and market projections.Read More