Leather, derived from tanning and other chemical processes using the skins of buffalo, hogs, pigs, cows, and goats, is renowned for its strength, flexibility, and longevity. These qualities have driven global demand for leather products such as shoes, purses, belts, coats, furniture, and sports equipment. This blog delves into the leather market, focusing on India’s leather export industry, global leather export leaders, top leather products, and more.
Market Size of the Leather Industry
Global Perspective
In 2023–2024, the global leather and leather goods market was valued at USD 469.49 billion. By 2030, it is projected to reach USD 738.61 billion, growing at a compound annual growth rate (CAGR) of 6.7%. This growth is driven by the increasing demand for leather products worldwide, with developing countries like India and China leading the export due to the availability of labor, raw materials, and other resources at low costs.
Indian Leather Industry
India’s leather industry was valued at USD 17 billion in 2023 and is estimated to reach USD 32.4 billion by 2029, with a CAGR of 2.95% expected from 2023 to 2029. Prime leather-producing states in India include Uttar Pradesh, Tamil Nadu, West Bengal, Punjab, Maharashtra, and Karnataka. The industry provides direct employment to over 4.4 million people and contributes 30% of the world’s total leather production. With over 3 billion square feet of leather produced annually, India has a robust, eco-friendly tanning base and manufacturing units.
Profitability of Leather Export from India
Leather export from India can be highly lucrative if conducted effectively and efficiently. Maximizing profit margins involves balancing trade policies and global economic conditions and identifying market niches by choosing relevant product categories. Embracing sustainability and continuous innovation in design and production practices can position leather exporters for long-term success.
Insights into India’s Leather Export
Footwear dominates India’s leather export, holding a 42.6% share of the total leather export from the country. India, the 4th largest leather exporter, exported leather and leather products worth USD 19 billion in 2023-24. As per leather export data, India is the second-largest exporter of leather garments, the third-largest exporter of saddlery and harnesses, and the fourth-largest exporter of leather goods globally. The garments sector comprised 7.65% of India's total leather exports in 2023-24.
Leather Export Data 2023-24
Total leather export from India: USD 19 billion
Number of Indian exporters: 31,379
Number of buyers: 229,674
The top three leather exporters are China with 11,661,750 shipments, Brazil with 4,149,390, and India with 2,088,555 shipments.
Top leather HS codes: 42023120, 42022190, and 42023120.
Top Leather Exporting Countries
The top 10 leather exporting countries are as follows:
China
Brazil
Russia
India
Italy
Argentina
South Korea
Turkey
Vietnam
Pakistan
China is the largest leather exporter in the world, followed by Brazil and Russia. The increasing global demand for leather products has led many countries to export leather in large quantities.
Top Leather Exporters in India
Bata India Ltd.
Bhartiya International Ltd.
Farida Shoes Pvt Ltd.
Lakhani Industries Ltd.
Liberty Shoes Pvt.
Mayur Uniquoters Ltd.
Metro Brands Ltd.
Mirza International Ltd.
Relaxo Footwear Ltd.
Superhouse Ltd.
These companies are among the prime leather suppliers in India, exporting leather products worldwide.
Top Leather Products Exported from India
Leather products export from India are as follows:
Finished Leather
Leather Footwear
Leather Garments
Saddlery and Harness
Leather Goods
Footwear Components
India is a prominent producer and exporter of these leather products, which hold a significant share of the country’s leather exports.
Top Leather Export Destinations for India
USA
Germany
United Kingdom
Italy
France
Spain
Netherlands
China
Belgium
United Arab Emirates
These nations have a high demand for Indian leather and leather products. Leather export from India is increasing at a CAGR of 8.76%, with the top 15 importers holding 80% of the total export of leather products from India.
Required Documents for Leather Export from India
GST Certificate
Registration cum membership certificate (RCMC)
Import Export Code (IEC)
Export License
Proforma Invoice
Certificate of Free Sales
Certificates of Origin
Inland Bill of Lading
These documents are mandatory for the export of leather goods from India.
Conclusion
The leather export business from India is thriving and offers significant opportunities for profitability and growth. To succeed, businesses need to stay updated on market trends, competitor strategies, and policies. Seair Exim Solutions supports international traders by offering comprehensive export-import data, enabling them to make informed decisions and grow their businesses.
For more detailed information and to access the complete list of leather exporters and importers, visit Seair Exim Solutions and elevate your leather export business to new heights.
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