Recent Study: Bags and Luggage in Argentina
In 2013, import restrictions continued to negatively impact bags and luggage, fuelled by both contracting purchasing power and a local industry facing rising costs. Nearly 85% of local leather is exported, with the remaining 15% used by the local leather by-products industry, in which bags and luggage manufacturing ranks second. This poses a barrier for local manufacturers to increase production without heavily impacting the price of leather. Together with a decline in cattle slaughter due to...
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