Upgrading Of Leather Industry In China And India

Although the crisis in the eurozone has already predicted that it will come from the region next year.

AliAhmedKhan, executive director of India leather export Bureau (CLE), told India financial memorabilia that the EU is the traditional and largest market of India leather industry.

Of the leather products exported to India, 67% have entered the European market.

Just now, Europe's growth has slowed down significantly, and the economic crisis has also affected market demand, which makes importers very cautious and conservative.

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Other potential markets in India include the United States, Japan, Russia, Canada and Australia.

But the final outcome of these markets will not be seen until the fourth quarter of 2012.

Moreover, these markets are unlikely to make up for the loss of traditional markets.

China is now facing the problem of rising cost and labor shortage.

CLE predicts that European orders to China will be diverted to India, which may make up for some of the reduction in European orders.

At present, the total amount of leather trade in the world is about $116 billion, and India, as a country with abundant labor resources and abundant raw material resources, has only 3 billion 500 million dollars in leather trade, accounting for only 3% of the world's total.

In contrast, China's leather trade amounted to 25 billion US dollars, accounting for 22% of the world's total trade.

Interestingly, 12-15 years ago, China and India were in the same running line, with an export volume of only US $1 billion.

CLE chairman MRafeequeAhmed said that China's leather goods enterprises not only forgot to buy some enterprises and brands in the target market, such as the United States, while rapidly increasing production.

This makes it easier for Chinese companies to gain market access and increase exports.

India enterprises are now beginning to try similar ways to increase their leather exports in the United States (India).

For leather clothing market, competition between China and India is fierce.

India is the second largest manufacturer of leather garments in the world, after China.

The annual output of leather garments worldwide is about 120 million, of which 70 million are made in China.

India's annual output capacity is 16 million.