Exports of leather goods from India will decline by 13-15 percent in the current fiscal

Chairman of the Indian Finished Leather Manufacturers and Exporters Association, K.R. Vijayan said exports of leather goods from India will decline by 13-15 per cent in the fiscal year 2023-24. But with strong winter demand for leather products in Europe, we expect a strong rebound of around 20 per cent in FY25 on account of new orders from there.
Exports of finished leather were $4.87 billion in 2021-22, increasing to $5.26 billion in 2022-23, while exports in the current fiscal year 2023-24 till October were $2.81 billion, which is 13 percent lower than October of the previous fiscal.
Considering the country's export growth potential and consumer base, we have set a target of $47.1 billion turnover in the footwear and leather industry by 2030, Vijayan said. Of which $33.4 billion is domestic industry turnover and the remaining $13.7 billion is export turnover. But we need innovation in both technology and advanced machines to achieve this goal.
India is the second largest exporter of leather garments, the second largest exporter of saddlery and harness and the fourth largest exporter of leather products in the world. It is an employment intensive industry, providing employment to about 4.42 million people, most of whom belong to the weaker sections of the society. About 40% of the workforce in the leather goods sector is women. And in Tamil Nadu, it is around 70 percent.
Vijayan said using skinless products was a big challenge as they are non-biodegradable; Also, non-leather shoes are not as durable as leather shoes, resulting in more use of non-leather shoes, which affects the environment.
Chairman of Indian Finished Leather Manufacturers and Exporters Association, K.R. Vijayan urged the government to organize buyer-seller meetings in Europe and the US to boost exports. He said the government should invite and host foreign designers at the fair. And these designers will select the leather for next season. If the government considers our request, the leather industry will be able to double its exports.
Saba Group Chairman SK Sabapathy said apart from the massive spill-over of stocks due to the Covid-19 pandemic, there were logistical issues and shortage of containers which were delaying clearance of shipments. However, once these issues were resolved, there was a huge order from global brands and we carried over 60 percent of the 2022 stock forward to 2023. Also, the impact of the Ukraine-Russia war will adversely affect the industry from late 2022 to 2023. We hope to see our industry flourish again in 202



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