Leather industry upgrade urged to cope with high demand | Bangkok Post: business

Business > News

Leather industry upgrade urged to cope with high demand

- +

The local tannery industry needs to improve its production process to cope with higher costs after domestic leather prices increased by 250% over the past two years to a record high due to a shortage of leather supplies. 

Wet salted hide is now traded at a record 58 baht per kilogramme from 20 baht in 2010 and 48 baht at the end of last year, said Somkiaet Bongkotpannarai, president of the Thai Leather Cluster. And prices are projected to rise further.

Currently, leather supply stands at half the demand. Thailand exports 30 billion baht worth of leather products a year excluding shoes, while 80% of the leather used here is imported.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments