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 per cent of the world’s leather production of hides/skins.
India’s leather industry has grown drastically, transforming from a mere raw material supplier to a value-added product exporter.
- Total leather good export from India stood at US$ 4.64 billion in 2019-20.
- During April-August 2019, the major markets for Indian leather products were US (16.73 per cent), Germany (12.31 per cent), UK (11.41 per cent), Italy (7.48 per cent), and France (5.54 per cent.
- During April-August 2019, products exported include leather footwear component (US$ 115.19 million), leather garments (US$ 190.07 million), finished leather export (US$ 237.69 million), leather footwear (US$ 937.13 million) and leather goods (US$ 584.37 million).