Intelligence

Market Intelligence—12.05.26

12/05/2026

In recent weeks, the number of questions in the leather pipeline has grown faster than the number of answers. That may be the best way to describe the current situation. There is still movement, individual markets are still functioning, and in certain areas demand can still be heard. Nevertheless, the overall picture has become noticeably more uncertain. The market does not feel like a market that is simply becoming seasonally quieter, but rather like a market that has to deal with a very large number of open issues at the same time.

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