Leatherette Prices Rise in Asia: Monsoon Delays and Steady Demand Drive Uptick
Leatherette prices in Asia experienced a modest increase in July 2025, driven by steady demand, currency depreciation, and monsoon-related port delays. Despite these challenges, the market remains balanced and positive, particularly in the automotive, real estate, and footwear sectors.
LeatheretteMonsoon DelaysCurrency DepreciationReal EstateFootwearReal EstateAug 08, 2025
Leatherette prices in India edged up slightly in July 2025. It wasn’t a major jump, but steady demand, a weaker rupee, and a bit of caution on the supply side gave prices a gentle push upward. The monsoon season also complicated things—operations at key ports like Mundra, Kandla, and Nhava Sheva took a hit. Vessel delays and slower import clearances led to some backlogs, adding to the overall pressure on the market. Even so, domestic production stayed on track. That said, a few suppliers took a more guarded approach to sourcing, worried that port congestion might stretch on longer than expected. This cautious buying led to slightly tighter stock in some pockets.
From a manufacturing perspective, Leatherette supply stayed moderate despite logistical challenges. Even though there were some delays in import shipments, most fabricators and converters had enough stock on hand to manage without major issues. Domestic producers kept their supply consistent, which helped smooth over the temporary hiccups at the ports. On the demand side, Leatherette continued to do reasonably well across automotive, real estate, and footwear applications. In autos, usage for seat covers and interior trims held steady, despite a small year-on-year dip in passenger vehicle sales. The real estate market, on the other hand, remained quite active—especially in residential and commercial developments—driving good demand for Leatherette in furnishings and interior design.
In the footwear segment, demand for Leatherette held steady, with more buyers leaning toward synthetic options over genuine leather—especially in the fashion-forward categories. Metro Brands saw a solid 10% year-on-year boost in sales for its non-sports lines, which pretty much sums up the broader trend. On top of that, the rupee’s depreciation made imported raw materials pricier, and some of that cost got passed down the chain, adding to the mild price increase.
As per the ChemAnalyst, the price of Leatherette is expected to showcase underperformance in the upcoming sessions. This anticipation of a fall in Leatherette prices is majorly aligned with the projection of lower demand from the regional and overseas markets amid monsoon sessions. Additionally, the US president Donald Trump's 50% tariffs on Indian goods exports are expected to impact the automotive components, textiles, and other sectors, thereby affecting Leatherette demand in the upcoming sessions.
Frequently Asked Questions
What factors contributed to the increase in Leatherette prices in July 2025?
The increase in Leatherette prices in July 2025 was driven by steady demand, currency depreciation (weaker rupee), and monsoon-related port delays which caused logistical challenges and import backlogs.
How did the monsoon season affect the Leatherette market in Asia?
The monsoon season caused operational disruptions at key ports like Mundra, Kandla, and Nhava Sheva, leading to vessel delays and slower import clearances. This added pressure to the market and contributed to a slight increase in prices.
Which sectors are driving the demand for Leatherette in Asia?
The demand for Leatherette is being driven by the automotive, real estate, and footwear sectors. In automotive, it is used for seat covers and interior trims, while in real estate, it is popular in furnishings and interior design. In footwear, synthetic Leatherette is gaining favor over genuine leather.
How did the depreciation of the rupee affect the Leatherette market?
The depreciation of the rupee made imported raw materials more expensive, which led to increased costs for manufacturers. Some of these costs were passed down to consumers, contributing to the mild price increase.
What is the outlook for Leatherette prices in the upcoming sessions?
According to ChemAnalyst, Leatherette prices are expected to underperform in the upcoming sessions due to projected lower demand from regional and overseas markets, exacerbated by monsoon sessions and US tariffs on Indian goods exports.
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