Results of the Première Vision barometer

A mixed year in 2016,  positive prospects for 20177

Implemented as part of the IFM – Première Vision Chair launched in January 2016, the first Première Vision Barometer was created to study «the economy of creative materials for fashion.» A new index whose unique methodology offers a quantified measure of business activity in the market of materials for creative fashion, the target of the Première Vision shows.

The Première Vision barometer consists of two indexes:
PREMIÈRE VISION TEXTILE INDEX for the textile industry
PREMIÈRE VISION LEATHER INDEX for the leather industry

 Leather7

THE 2016 REPORT

The PREMIÈRE VISION TEXTILE INDEX: + 1.7%

For the full year 2016, the PREMIÈRE VISION TEXTILE INDEX grew by 1.7%: textile production at Première Vision Fabrics registered an average increase of 1.7% in volume over 2015. Exhibitors in developed economies grew by 1.9%, a much faster pace than the Textile World Production index (- 0.1%). Within these economies, the activity of European players (+ 3.7%) was stronger than that of companies in developed Asian countries (+ 0.6%), represented mainly by Japan, South Korea, Taiwan and Hong Kong. Exhibitors from emerging economies grew by 1.1%, compared with an increase of 4.5% for the Textile World Production Index (as a reminder, emerging countries are over-represented in the benchmark indicator, in comparison with the Première Vision indicator). In terms of turnover, European exhibitors benefited from an 8.2% rise in the euro, reflecting an improvement in the business climate and a refocusing on more creative products with higher added value on the part of exhibitors.

The PREMIÈRE VISION LEATHER INDEX: – 0.8%

For the full year 2016, the PREMIÈRE VISION LEATHER INDEX showed a – 0.8% decline: the production of Première Vision Leather exhibitors recorded, on average,
a slight decrease of 0.8% in volume compared to 2015. These exhibitors are mainly of European origin (including Turkey), there is little or no representation from Asia or emerging countries. Exhibiting companies oriented towards the luxury markets are registering changes in the global market trend, with the Leather World Production index of mature economies posting a 0.5% decline. By contrast, in terms of turnover, exhibitors from Europe showed a 2.1% decline as measured in euros. After several years of strong growth, turnover continues to decline, corresponding notably to a decline in the price of skins.

OUTLOOK FOR 2017: REAL SIGNS OF IMPROVEMENT

Since January 2017, the business of Première Vision Fabrics and Première Vision Leather’s exhibitors seems clearly more buoyant than in 2016. Manufacturing volumes appear to have stopped declining. Some even speak of an actual turnaround, with a significantly higher upturn in orders. Yet the US market continues to be severely affected by the transformation of retail to digital. American companies are adapting to evolving domestic consumption, and to European competition with a command of rapid product renewal or strong creativity.
Europe looks undoubtedly more dynamic. The European market seems characterised in particular by a search to re-segment products upwards, targeting more creativity, in the pursuit of markers of differentiation.

The exhibitors also pointed out 3 trends that seem to be strengthening:
• The relocation of raw material purchases and manufacturing produced in Euromed
• A shortening of time-to-market, reflected in later but more numerous collection processes, with a multiplication of collections
• The search for exclusivities to bolster creativity
While the fashion industry continues to undergo a profound transformation – multicollectionning, digitization of retail, millennials – some indicators seem heading in the right direction in 2017. At the February 2018 show, Première Vision will unveil the activity indexes for the first half of 2017.