MILAN — Despite economic volatility and rising raw material costs, the leather industry is regaining its footing.
According to experts at Mipel, the exhibition of leather goods and accessories held at Milan’s Fiera Milano fairground from Sept. 18 to 21, leather exports are on the rise. In the first four months of 2011, exports rose 25.7 percent to an overall value of 1.2 billion euros, or $1.6 billion at current exchange. The principal leather goods export markets are growing. Japan is up 17 percent, the U.S. 43.7 percent, Hong Kong 52 percent and Russia 10 percent.
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