Home / Knowledge / News / India's leather exports to grow sluggishly in FY13
India's leather exports to grow sluggishly in FY13
20
Feb '12
Owing to a slump in demand from the European markets, India's leather and leather items exports are likely to grow sluggishly during 2012-13.

India's leather sector is expected to achieve an export growth rate of 18 percent during the current fiscal, but the projected growth for the next fiscal is around 10 percent, Neeraj Kumar Gupta, Executive Director, India Trade Promotion Organisation (ITPO), said.

The sector's exports are expected to touch US$ 4.5 billon by close of this fiscal, up from last fiscal's exports worth US$ 3.8 billion. However, it would still fall short of the estimated target of US$ 4.7 billion, Mr. Gupta said while addressing a meeting held to announce the 17th International Leather Goods Fair (ILGF).

The country's leather industry is also exploring other markets like Japan, Africa, Southeast Asia, Korea and Latin America, he said.

The West Asian markets are presently influenced by Chinese leather items, which usually are machine-made, Paresh Rajda, Regional Chairman, Council for Leather Exports (CLE), said.

Till recently, Europe was India's sole largest leather export destination, but now other markets such as Latin America and the US have also started to pick up, Mr. Rajda said and added that they are also trying to penetrate in the Southeast Asian markets, which is presently dominated by Chinese goods.

India's overall leather market is estimated to be worth US$ 8 billion, with exports constituting around US$ 4.5 billion of the same. Leather shoes and footwear constitute around 47 percent of India's overall leather exports, while other leather products constitute around 28 percent of the same, Mr. Gupta said.

About 46 firms are participating in the three-day ILGF, which has been jointly organized by ITPO, CLE and Indian Leather Products Association.

Buyers from countries like Cyprus, Germany, Canada, Malaysia, Dubai and Mauritius are also attending the fair.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search