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Bulletin

End of a bad year

Published: 13 Jan, 2021

The leather trade entered 2020 with a feeling that after several poor years, things were starting to improve. For the first two or three months of the year, this was indeed the case. Those in the trade that met at the Milan fair Lineapelle felt good about the market. Some of the Italian tanners felt that they could pick up extra business from the Far East due to a virus outbreak in China, which had stopped production in many areas of that country. Little did we know that the virus was already in Europe; in fact, Milan being very close to the first large scale European cases. The rest of the spring and summer imploded for not only our trade, but a wide section of the global economy. Ironically, as the virus took a grip on the world, China started to emerge from its problems and we witnessed its economy starting to recover. In fact, if it were not for the Chinese domestic economy, would there actually be a leather trade worth talking about? Lockdowns continue to be tightened in the western world, but with vaccines now available and already being administered, some light can finally be seen at the end of a long tunnel.

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