THE HIDE REPORT

Indian leather exports decline despite government measures

Exports of leather and leather goods have been on a declining trend since 2014-15 and the shipments have shrunk in terms of value in FY19 also. While raw material procurement is a concern for the industry, global demand has also not been favorable.

In 2014-15, the country had exported leather and leather goods worth $6,494 million by recording a growth of 9.37 percent. In the previous year, the industry had logged remarkable growth of 18.39 percent.

Since then, however, exports have been on the decline. By FY19, exports have dropped to $5,691 million, shrinking marginally by 0.85 percent over the previous year. Since 2014-15, export value has cumulatively declined by 12 percent. Among the key categories, finished leather exports have almost halved from $1,329 million to $721 million during these years.

The reduction comes despite the various government incentives to the sector, including in human resources development, institutional facilities, mega leather, footwear and accessories cluster, leather technology, innovation and environmental issues, along with the promotion of Indian brands in leather, footwear, and accessories.

Robberies cost Mexico’s tannery industry millions in losses

The Chamber of the Tannery Industry (CICUR) said that the industry has experienced millions in losses