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Indian leather sector in negative ground

Oct 3, 2017 India
Indian leather sector in negative ground
India’s export of leather and leather products for the last financial year reached 5 665.91 million US dollars, compared to 5 855.06 million US dollars in the previous year. This represents a decline of 3.23%
The information comes from the Council for Leather Exports (CLE) using data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) and refers to the period from April 2016 to March 2017.

The major markets for Indian leather & leather products are the US (share of 15.36%), Germany (11.65%), UK (10.74%), Italy (6.63%), Spain (5.19%), France (5.10%), Hong Kong (4.70%), UAE (4.01%), China (3.07%), Netherlands (3.00%), Belgium (1.85%) and Poland (1.79%). These 12 countries together account for nearly 73% of India’s total leather & leather products exports.

Notwithstanding, exports of leather & leather products to major markets like Germany, UK, Italy, Hong Kong, France, Spain, Netherlands, UAE and Korea Rep.  have shown negative growth in the period.

Leather footwear exports totaled 2 135.90 million US dollars in the fiscal year, declining by 0.56% from the previous year (2 147.98 million US dollars). In the same period exports of finished leather declined by 15.06% and leather goods by 3.54%.

Except for Non-leather footwear (+10.78%) and Footwear components (+5.53%), all other product segments showed a negative trend.

According to the latest edition of the World Footwear Yearbook in 2016 India was the 2nd largest producer of footwear with a 9.6% share in total production (representing 2 257 million pairs) and the 6th largest exporter with a 1.7% share. For more information about the footwear industry in 2016 please refer to the World Footwear Yearbook available here.

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