According to analysis from Yale University’s policy research centre, U.S. consumers have seen leather goods (shoes and handbags) prices jump by approximately 39% in the short term.
Even with substitution and global supply shifts, the research estimates that leather goods prices will remain elevated at about 19% higher in the long term.
These price surges are placing acute pressure on businesses across the leather supply chain. Retailers and manufacturers are grappling with thinner margins, prompting strategies such as delayed shipments, switching suppliers, or even relocating production. These moves risk severing long-standing industry relationships.