Leather and Allied Product Market in Bosnia and Herzegovina 2016-2020

Overview of the leather and allied products market in Bosnia and Herzegovina

Technavio’s market research analysts have envisaged that the leather and allied products market in Bosnia and Herzegovina will witness steady growth and will post a CAGR of close to 4% over the forecast period. The proximity of Bosnia and Herzegovina to major textile and leather markets, such as France, Germany, Italy, and Spain, as well as the ability of its manufacturers to accept orders at short notice and deliver finished products quickly are factors that will boost the growth prospects of this market in the coming years. Moreover, the country has an abundant supply of cheap labor, which makes it a favorable destination for foreign investments.

An increase in the production capacity of leather tanning industry is one of the emerging trends driving the growth of this market. The production capacity of the leather tanning industry has fluctuated markedly since 2010. Between 2010 and 2014, revenue generated from tanning of furs and skins grew from less than USD 1 million to reach USD 50 million. It has been observed that the periods of significant growth in the leather industry coincided with the periods of increase in foreign investments as a result of improvements in the business environment in the country. The production capacity of leather tanning industry is anticipated to increase drastically during the predicted period, which will have a positive impact on this market’s prospects over the next four years.

Segmentation by product type and analysis of the leather and allied products market in Bosnia and Herzegovina

• Tanned and dressed leather and dressed and dyed fur
• Luggage, handbags, saddlery, and harnesses

During 2015, the tanned and dressed leather segment dominated the market and accounted for a market share of close to 88% in terms of revenue. Fresh foreign and domestic investments primarily from apparel and footwear brands have led to an increase in tanning activities, which will contribute to the growth of this segment in the coming years.

Competitive landscape and key vendors

The leather and allied products market in Bosnia and Herzegovina is highly fragmented owing to the presence of over 300 manufacturers, including manufacturers of footwear. Currently, the leather and allied products market in the country is characterized by fluctuations in output, as manufacturers have access to limited resources. Over the past few years, multiple foreign brands have either acquired existing enterprises or established independent businesses in the country. A driving force behind this has been the privatization of state-owned enterprises, which has allowed for operational flexibility and enabled these companies to adapt to the current trends in the market as well as the requirements of foreign clients

Key vendors in this market are -

• Jamahaprom
• Prevent Leather

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the leather and allied products market in Bosnia and Herzegovina?
• What are the key market trends impacting the growth of the leather and allied products market in Bosnia and Herzegovina?
• What are the challenges to market growth?
• Who are the key vendors in the leather and allied products market in Bosnia and Herzegovina?
• What are the market opportunities and threats faced by the vendors in the leather and allied products market in Bosnia and Herzegovina?
• What are the trending factors influencing the market shares of Bosnia and Herzegovina?
• What are the key outcomes of the five forces analysis of the leather and allied products market in Bosnia and Herzegovina?

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• Handbags Market in Europe 2015-2019