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Leather Industry

 

Leather Industry In India

Introduction
Leather is one of the most widely traded commodities globally. The growth in demand for leather is driven by the fashion industry, especially footwear. Apart from this, furniture and interior design industries, as well as the automotive industry also demand leather. The leather industry has a place of prominence in the Indian economy due to substantial export earnings and growth.
The Indian leather industry accounts for around 12.93% of the world’s leather production of hides/skins.
Export Highlights
India’s leather industry has grown drastically, transforming from a mere raw material supplier to a value-added product exporter.
  • Total leather and leather products export from India stood at US$ 5.07 billion in 2019-20.
  • During April 2019 to March 2020, the major markets for Indian leather products were US (17.22%), Germany (11.98%), UK (10.43%), Italy (6.33%), and France (5.94%).
  • The total leather and leather products export during April 2000 to February 2021 was US$ 2.98 billion and for the month of February 2021 it was US$ 298.87 million.
  • During April 2020 to January 2021, products exported include leather footwear component (US$ 165.68 million), leather garments (US$ 261.99 million), and leather goods (US$ 765.82 million).
Council for Leather Exports
The Council for Leather Exports (CLE) is an autonomous non-profit organisation, which is entrusted with export promotion activities and the development of the Indian leather industry. About 3,500 companies manufacturing/exporting leather and leather products are members of the Council.
Source:
  • Directorate General of Commercial Intelligence and Statistics
  • Council for Leather Exports
  • Press Information Bureau

 

Source: India Brand Equity Foundation


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