India Leather Export Growth May Slow Down In Fiscal 2013

Due to the depressed demand in European market, the export growth of leather and leather products in India will probably slow down in 2012-13.

Neeraj Kumar Gupta, executive director of the India Trade Promotion Organization (ITPO), said the India leather industry expects that the export growth rate in the current fiscal year is expected to reach 18%, but in the next fiscal year Expect The increase is about 10%.

Mr. Gupta said at the Seventeenth International leather goods exhibition (ILGF) that by the end of this fiscal year, the export of leather sector in India is expected to reach US $4 billion 500 million, which is higher than the US $3 billion 800 million in the last fiscal year. However, exports will be lower than the expected target of 4 billion 700 million US dollars.

He said the India leather industry is also exploring other markets, such as Japan, Africa, Southeast Asia, South Korea and Latin America.

Paresh Rajda, regional chairman of the leather export Commission (CLE), said west Asia The market is currently affected by Chinese leather products, usually leather products made by machines.

Until recently, Europe was India's only largest leather export destination, but now other markets, such as Latin America and the United States, are also picking up. He added that they are still trying to penetrate into the Southeast Asian market. At present, Chinese products dominate the Southeast Asian market.

The overall leather market in India is estimated at US $8 billion. Exit About 4 billion 500 million dollars. Leather shoes and footwear account for about 47% of the total leather exports of India, while other leather products account for about 28%.