Australian Tannery Exports Benefit From Depreciation Of Australian Dollar

Although the Aussie dollar has touched $0.8 /1 Australian dollar for the first time since July 2009, Queensland, Australia,

Business announces

Economic recovery remains sceptical.

But Australia is famous.

Packer said it would welcome the depreciation of the Australian dollar cautiously because it helps exports.

Related links:

The global financial crisis has given Europe a heavy blow.

Six years later, Italy's economy is still sluggish, even if Europe's largest economy, Germany, can not get rid of the gloom of the recession.

However, Portugal's efforts to revive its leather shoes and accessories export industry slowed its economy a little.

The economy of Portuguese, Oporto and alcatna has recovered, and the export of leather shoes and accessories has increased significantly.

According to Portuguese leather and footwear association data, from 2006 to 2013, Portuguese leather shoes exports increased by 213%, from 36 million 510 thousand pairs to 114 million 387 thousand pairs.

According to the international trade center, Portugal's leather shoes and accessories industry account for 3.8% of the global leather industry output (about 1/4 of Italy's 16.5%).

Said Jos e Neves, founder of fashion business, said: "Portugal's leather shoes industry has three main reasons for rapid development: first, Portuguese has similar manufacturing processes to Italy and France, and the labor cost is also low; two, small businesses are attracting more high-end designers; three, the manufacturing process is simple, the price is low, and the speed is fast, so long as three days can be imported from Italy, France and the United Kingdom to raw materials such as animal skins, heels, outsole, metal components and so on.

Despite the fact that the Portuguese government prohibits workers under the age of 25 from engaging in leather shoes in order to enhance their competitiveness, the labor cost of skilled workers in Portugal is still relatively low in Europe, and the quality of leather shoes is quite good. "

Neves said: "in 1990s, Portugal's leather products were low in price, poor in quality and large in output, mainly for the European market.

After Portugal joined the euro area, labor costs rose significantly.

At the same time, the quality and toughness of leather products in China, Korea, Vietnam, Brazil and North Africa exceeded Portugal's.

As a result, inferior manufacturers are eliminated and high-end factories are rising rapidly.

Caren Downie, the brand director of Finery, said: "now Portuguese enterprises are paying attention to details and improving their quality.

Italy is still the leader of leather products, but Portugal is catching up.

Portuguese leather industry in Portugal means high quality leather, hand dressing products and small batch production.

The delivery time is relatively fast, and the price is also very competitive.

Portugal's emphasis on quality has attracted some industry giants.

Neves said: "Portugal is currently producing some luxury brands and high street brands such as COS and Zara.

In the latter case, when Portugal was produced at a high price, these products quickly became models of Southeast Asia and North Africa, and were widely copied.

Neves said: "because Portugal has lower manpower costs, it still has core competitiveness relative to Italy and France."

Mario Ortelli, senior luxury analyst for global wealth management at Bernstein, said: "compared to France, Italy and Spain, Portugal's main problem is" Portugal made "is still lacking in attractiveness, lack of historical brand and international recognition (such as Spain has Loewe).

I think Portugal can start with "manufacturing" and gradually establish a close cooperation with luxury goods, rather than high-end luxury goods, high-end luxury goods manufacturing is still concentrated in Italy, France and Spain.