The continuing slowdown in global consumer spending would appear to be affecting the leather industries of India and Pakistan in equal measure.

According to government figures, during the period April-December ‘02, India’s total leather exports fell 5.94% year-on-year to $1,382.122 million, with leather garment exports declining by 34% to $204 million and footwear components by 24.86% to $134 million. On the plus side, finished leather exports rose 10.67% to $385 million, leather saddlery/harnesses by 26.87% to $32.44, leather footwear by 3.63% to $287.28 million and leather goods by 1.45% to $317.48 million.  But the overall trend was down.

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