India increased exports of leather and leather products by 33%
In India, revenue from exports of leather and leather products for the eleven months of the financial year (April 2021 to February 2022) increased by 33,07% compared to the same period a year earlier. The prevailing share in the volume of export earnings was sales of leather shoes, writes Worldfootwer.com.
According to the Indian Leather Export Board (CLE), between April 2021 and February 2022, total leather exports amounted to $4,40 billion, comparable to the $3,30 billion in revenue generated for the same period a year earlier.
In the reporting period, exports of leather shoes amounted to $1,85 billion, up 39,16% compared to the first eleven months of the previous financial year, accounting for 41,94% of total exports. Exports of leather goods increased by 37,40% to $1,16 billion (corresponding to 26,43% of the total value).
From April 2021 to February 2022, exports of finished leather reached $411,52 million (9,35% of total revenue), exports of leather products - $321,19 million (7,30% of total revenues), exports of saddlery goods and harness - $250,86 million (5,70% of total revenue), and the export of shoe components brought in $227,42 million (5,17% of total revenue). Export of non-leather shoes amounted to $181,5 million (4,12% of total revenue).
India ranks second in the world in the production and consumption of footwear. According to the World Footwear 2021 Annual Analytical Report, although this industry is mainly focused on meeting the needs of the domestic market, it ranks 7th in terms of footwear exports in terms of volume and 14th in terms of value. India's main markets are the US, Germany and the UK.
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