Welcome to the first Market Intelligence of 2026. The summary is that 2025 was extremely challenging for the global leather industry, with weak demand and high uncertainty across the value chain. In 2026, high inventories and price pressure are likely to mean slow recovery. The report says, not for the first time, that if there is to be long-term growth, the leather industry itself needs to take responsibility for communicating better about the qualities of the material it makes and sells.
