India: leather exports could reach $5.4b by 2014
India’s leather exports may reach $5.4 billion by 2014 from $3.8 billion at present, according to a study by the Associated Chambers of Commerce and Industry of India (Assocham).
“India has the largest livestock population in the world. Added to this are the strength of skill manpower, innovative technology and dedicated support of the allied industries. Leather exports are likely to register a growth of 13%,” the study by Assocham said.
According to the body, exports of leather and leather products have risen from $3.4 billion in 2009-2010 to $3.8 billion in 2010-11, recording a positive trend of 13%. India's major leather markets include Germany with a share of 14.3%, the UK (12.8%), followed by Italy (11.5%) and the US (8.7%).
Exports to Australia, Greece, Switzerland, Portugal, and Ireland have shown a decline, according to Assocham’s study.
