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Leather garment exports keep on tumbling
02
Aug '10
Leather garments of Pakistan showed export plunge during last fiscal registering a fall of 10.31 percent. These exports reduced to $860.244 million last fiscal from $959.146 million during previous fiscal.

While in fiscal 2007-08, leather exports of the country accounted to $1.25 billion, which has been witnessing a falling trend, due to shoddier economic conditions of the country and the impact of war.

Only raw leather exports from the country registered positive growth of 12.57 percent in the fiscal 2009-10. It increased up to $337.145 million from $299.494 million during the previous fiscal. However, unit price of raw leather slipped to $14.17 per square metres from $15.33, as per the Federal Bureau of Statistic's provisional figures.

Increased demand from China, India and Vietnam for shoe manufacturing swelled up the exports of raw leather, including, wetblue and wet split. The country largely exports gloves used in industries. But industries in the West shrunk imports of industrial gloves on account of massive layoffs taking place due to economic slump.

Exports of leather gloves stood at $96.081 million last year, recording a 15.74 percent decline over previous year's exports worth $152.258 million. Several gloves and garment units in Lahore, Sailkot and Kasur pulled downed their shutters due to less demand. Exports of leather apparel and clothing items plummeted to $343.333 million last year by 10.71 percent from $102.884 million in the previous year.

Moreover, leather footwear exports fell down to $70.468 million last year from $102.884 million in the previous year, recording negative growth of 6.34 percent. However, miscellaneous leather products' shipment witnessed 10.38 percent hike from $11.974 million during 2008-09 to $13.217 million during the fiscal 2009-10.

Fibre2Fashion News Desk - India


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