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The sector's performance in the first 6 months of 2021 - Leather goods at the moment of truth: rebound or start of a solid recovery?
The data for the first half of the year show significant recoveries on 2020 for all indicators: +43.1% industrial production, +31.3% industrial industrial production, +31.3% exports in value driven by luxury multinationals, +22.9% retail sales on the domestic market, +29.5% turnover of Associates reached by the Centro Studi di Confindustria Moda. The second half of the year will be decisive for a return to normality in a reasonably short time.
However, up to now the recovery has been patchy and multi-speed: if the brands of the brands have recorded significant performances, thanks to which they have, in several cases the pre-Covid levels, for the majority of companies the inevitable comparison with the pre-pandemic situation for most companies, the inevitable comparison with the situation before the pandemic still indicates considerable gaps to be bridged. After the annus horribilis 2020, leather goods have started up again. strengthening of world trade, with exports: among the first 10 destination markets - which in which in the period January-June 2021 all show, with the sole exception of the United United Kingdom, sustained recoveries compared to last year - China, France and South Korea stand out South Korea, which are also growing strongly compared to the levels of two years ago. The quarterly survey carried out by Confindustria Moda has revealed - for the sample of a 29.5% average increase in turnover in the first 6 months of 2021 compared to last year. compared to last year.
In the second half of the year, the evolution of the market is expected to further improve, compared to the first half of the year, by 70% of the Associates. The coming months will be decisive for the sector can embark on the virtuous path of a sustained recovery, from which not only the benefit not only the big luxury brands, but also the many companies with their own brand, or in any case small size: if up to now only 30% of the associated companies have declared that they have experienced the start of recovery, 62% believe that this will happen between autumn 2021 and spring 2022, obviously provided, of course, that virus variants and new outbreaks do not occur.