Leather Industry in India
Leather is one of the most widely-traded commodities globally. The growth in demand is driven by the fashion industry, especially footwear, furniture and interior design, and the automotive industry, among others. The Indian leather industry occupies a place of prominence in the Indian economy in view of its substantial export earnings and growth, besides the fact that it employs 2.5 million people. Today, almost 50 per cent of India's leather business comes from international trade.
The major markets for Indian leather products are Germany, the US, the UK, Italy, France, Hong Kong, Spain, the Netherlands and UAE.
In 2013-14, India's leather exports recorded a growth rate of 17.81 per cent, reaching US$ 5908.82 million as against the performance of US$ 5015.41 million in the corresponding period of last year
Finished leather registered export revenues of US$ 77716.43 million in 2013-14, witnessing an increase of 30.59 per cent over exports in 2012-13
Export of different categories of Footwear holds a major share of about 43 per cent in India’s total leather and leather Products exports with an export value of US$ 2531.04 million, followed by leather goods and accessories with a share of 23 percent and, finished Leather with 22 per cent