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Export value for leather products takes a 19% dip

24
Jul '10
Although prices of leather products in the world market remained stable, the export value of Pakistani leather products dipped by about 19 percent, with the average unit price going down by around 11 percent, in the 2010 fiscal.

Federal Bureau of Statistics data reveal that, exports of leather goods which stood at $556.76 million in 2008-09, went down by 18.70 percent to stand at $452.63 million in 2009-10. On the same lines, even the average unit price of leather garments saw a fall from $37 per unit, last year, to $33 per unit. Pakistan thus vended its garments at a price 34 percent lower than the world average of $50.

However, there was a surge of 12.57 percent in the export value of tanned leather, with its volume rising by 21.6 percent. The country as against 19.53 million square meters in 2008-09, exported 23.75 million square metres worth of tanned leather this fiscal, with a rise in export value from $299.5 million last year to $337.14 million this fiscal.

Exports value for leather garments fell by 12.5 percent from $392.53 million to $343.33 million, as also there was a fall of around two percent in the export volume from 883,000 dozens to 867,000 dozens.

A fall of 36.90 percent was recorded in the export value of leather gloves, which came down from $152.25 million to $96 million. Whereas exports of other leather products like wallets, belts and watchstraps recorded a rise of 10 percent as it went up to $13.2 million from $11.9 million in 2008-09.

Also there was a fall of 31.5 percent in export value of leather footwear which now stands at $70.46 million as against $102.88 million in 2008-09.

Fibre2Fashion News Desk - India


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