Market momentum ‘extremely negative’, UNIC says

11/12/2024
Market momentum ‘extremely negative’, UNIC says

Italy’s national tanning industry body UNIC has reported that, in the first nine months of 2024, the industry there experienced a fall of 8.5% in production volumes and of 4.1% in revenues, compared to the same period last year.

Full-year figures for 2023 show that Italian tanners produced nearly 99.5 million square-metres of finished leather, plus 7,000 tonnes of soling leather and brought in total revenues of €4.25 billion.

“The momentum of the market appears extremely negative,” UNIC said. It pointed out that 2023 had, in itself, been a difficult year and that over the last 24 months, the Italian tanning sector has lost 17.2% in production volume and 10.3% in revenues.