Leather exports increase by 19%

Chennai, May 28 (KNN)  Showing signs of positive growth, exports of leather have risen to USD 5.90 billion in 2013-14 compared to USD five billion during the previous year, recording an increase of 19 per cent, according to the Council for Leather Exports.
 
As far as rupee terms are concerned, exports have improved by 31 per cent at Rs 35,748 crore during 2013-14 from Rs 27,288.88 crore in the previous year, media reports said.
 
While shipments in all product segments showed encouraging growth, in dollar and rupee terms, the top foreign exchange earner was footwear (43 per cent), followed by leather goods and accessories (23 per cent), finished leather (22 per cent) and leather garments (10 per cent).
 
According to the Council for Leather Exports, the major markets for Indian leather and leather products are Germany with a share of 12.82 per cent, U.K. 11.20 per cent, USA 11.27 per cent, Italy 8.78 per cent, France 5.81 per cent, Hong Kong 8.57 per cent, Spain 5.12 per cent, Netherlands 3.62 per cent, China 2.62 per cent, Denmark 1.51 per cent, UAE 3.00 per cent, Belgium 1.65 per cent.  These 12 countries together accounts for nearly 76 per cent of India’s total leather and leather products export.  (KNN/ES)