Leather sector exports fall 20pc

Wednesday, 10 June 2009

LAHORE: Exports of leather sector have dropped 20.42 per cent in 10 months (July-April) of fiscal year 2008-09 and the lost market has been captured by Indian and Bangladeshi leather producers.

According to official data, export of leather fell 26.76 per cent in terms of value and 8.41 per cent in terms of quantity. Pakistan exported $24.79 million worth of leather across the world in July-April 2008-09 compared to exports worth $33.86m in the corresponding period last year.

Export of leather apparel and clothing declined 27.22pc to $32.61m against exports of $44.81m last year. Export of leather gloves, which have a good share in the world market standing at second position due to their high quality, also fell 2.84pc to $12.29m compared to last year’s $12.65m.

However, export of footwear, an allied industry of leather, substantially rose by 12.41pc to $9.04m compared to $8.04m last year.

On the other hand, Indian leather and leather garment exports increased by 27pc during the period under review. Bangladesh also made record exports of leather products, especially footwear which rose by 30 per cent.


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