India's leather exports decline 28.3% to $3.3 billion in 2020-21
Shoes and Accessories|May 2021
India’s export of leather and leather products declined about 28.3% to $3.3 billion in 2020-21 from $4.6 billion in 2019-2020 owing to the COVID-19 impact on key markets of the European Union, the U.K. and the U.S., according to the Council for Leather Exports.
India's leather exports decline 28.3% to $3.3 billion in 2020-21

“Most of the sales in the overseas markets are happening through e-commerce mode and hence there is a vast change in the customer requirements as malls and shops are closed in our overseas markets and hence customers do not want to pile up inventories,” Shai Aqeel Ahmed Panaruna, chairman, Council for Leather Exports, said.

On account of the changed market scenario, customers were now demanding quicker delivery of products as well. However, there was a shortage of containers which was affecting the shipments, he pointed out.

This story is from the May 2021 edition of Shoes and Accessories.

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This story is from the May 2021 edition of Shoes and Accessories.

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