Indian Leather, Leather Products & Footwear Export Data Breakdown for FY2023-24

Ludic, a Gujarat based Footwear Brand Becomes Official Footwear Partner of Chennai Super Kings | New Trade Fair for Finished Leather Products | Pritzker Private Capital Set to Acquire Buckman & more in this week's global leather Industry news

Author

Arshad Leathernews.org
March 23, 2025

Good Morning & Welcome to our weekly newsletter! Here, we bring you the entire week's global news, insights, market research & analysis, expert insights and facts from the global "leather, footwear, and leather goods" industry.

In a simplified and easy-to-understand manner, saving you time while keeping you informed & updated under 5 minutes every Sunday at 11am.

In case you missed it, here’s a look at what happened in the Global Leather, Footwear & Leather Goods Industry last week.

LEATHER INDUSTRY NEWS

The Moda China Fashion Fair 2025, launched by the China Leather Industry Association (CLIA), will take place alongside the All China Leather Exhibition (ACLE) from September 3-5, 2025. Spanning 23,000 sqm, the event will showcase shoes, bags, leather apparel, and premium goods across 11 dedicated exhibition areas. Set to attract top global brands. The official website is now live for updates and registration.

Tannery workers in Savar staged a protest from 8 AM to 11 AM on 15th March 2025, demanding the immediate implementation of the government-declared minimum wage and a five-grade wage system. Led by the Tannery Workers’ Union, they urged factory owners to end delays, improve working conditions, and provide better healthcare, housing, and waste management.

Nigeria’s Minister of Livestock Development, Idi Mukhtar Maiha, has urged NILEST to compile detailed statistics on the leather industry to unlock its full economic potential. With over 250 million people and a strong domestic market, Nigeria’s leather sector could create 700,000 jobs. The industry has the potential to generate $1 billion by 2025.

Uzbekistan is reshaping its trade policies by imposing export duties on leather and raw materials from July 1, 2025. This move aligns with WTO standards and boosts local processing. Raw leather faces a 100% duty, while finished leather will see phased duties. The policy aims to strengthen domestic manufacturing, create jobs, and enhance global competitiveness.

The US has imposed new tariffs on EU leather goods, reigniting trade tensions. This move affects leather handbags, footwear, and automotive leather, increasing costs for European exporters. In response, the EU is reinstating tariffs on US leather products and considering further countermeasures on €18 billion worth of American exports.

Egypt’s Prime Minister Mustafa Madbouli recently met with the Export Development Committee to discuss ways to boost the country’s exports to $115 billion by 2030.

Ahmed Al-Gabbas from the Leather Export Council highlighted issues in the electronic invoicing system that affect leather exporters. He also stressed the need for investment incentives and better livestock sector development to improve leather quality and production.

Pritzker Private Capital (PPC) has signed an agreement to acquire Buckman. PPC will invest alongside the Buckman family and management to drive growth and innovation. CEO Junai Maharaj will continue leading the company post-acquisition. The deal, expected to close in Q2 2025, marks a major step in Buckman’s global expansion.

FOOTWEAR INDUSTRY NEWS

Ludic, a Gujarat-based footwear-first lifestyle brand, has partnered with Chennai Super Kings (CSK) as their official footwear partner for the 2025 and 2026 seasons marking CSK’s first-ever footwear collaboration. To celebrate, Ludic launched a CSK-inspired collection featuring signature sneakers, sliders, and fragrances.

Pakistan’s footwear industry saw a 15.48% growth in exports, reaching $126.4 million in July–February FY25, up from $109.5 million in FY24. Leather footwear led the surge with a 14.94% rise to $98.12 million, while canvas footwear grew 15.20% to $1.99 million. February exports hit $16.98 million, up 11.57% YoY, despite a 9.20% decline from January.

Chanel is strengthening its Italian footwear and leather goods manufacturing by acquiring a majority stake in Grey Mer, its longtime production partner. Grey Mer, founded in 1980, reported a €34 million turnover in 2023. Chanel now holds 70% of the company, while the Alessandri family retains 30%.

INDUSTRY INSIGHTS & ANALYSIS

Breaking Down the Indian Leather, Leather Products & Footwear Export Data for FY2023-24

Just finished analyzing the export data for India's leather industry from FY2023-24 & thought I would share some interesting insights with you all as I usually do every year.

The total exports reached $4.69 billion (that's about INR 35,782.58 Crores at the exchange rate of ₹76.30 per USD that the Council for Leather Exports used in their calculations)

Lets Look at the breakdown

[1] Leather Footwear

  • Quantity exported - 91.48 million pairs

  • Value - $1.7 billion

  • % Share - 36.24%

  • Average Price per pair - $18.58

[2] Leather Goods  

  • Quantity exported - 131.38 million pieces

  • Value - $1.057 billion

  • % Share - 22.54%

  • Avg Price per piece - $8.05

[3] Finished Leather

  • Quantity exported - 435.14 million square feet

  • Value - $459 million

  • % Share - 9.78%

  • Avg Price per Sq.ft. - $1.05

The usual numbers, nothing new.

Once a billion dollar sector, this sector alone used to bring a billion dollar & now struggling to even hit the half a billion mark.

This is the foundation of everything we do in leather & yet it continues to face challenges.

Well, what can i say? moving on

[4] Non-Leather Footwear 

  • Quantity exported - 69.29 million pairs

  • Value - $455 million

  • % Share - 9.7%

  • Avg Price per pair - $6.57

I was honestly hoping we would hit the $1 billion mark with all the investments coming into this sector in the last 2 years, especially in the past year.

Pretty shocked to see this number honestly.

[5] Leather Garments

  • Quantity exported - 7.25 million pieces

  • Value - $364 million

  • % Share - 7.77%

  • Avg Price per piece - $50.21

[6] Footwear Components

  • Quantity exported - 33.98 million pairs

  • Value - $281 million

  • % Share - 5.99%

  • Avg Price per pair - $8.27

[7] Leather Gloves  

  • Quantity exported - 154.07 million pairs

  • Value - $203 million

  • % Share - 4.33%

  • Avg Price per pair - $1.32

[8] Harness & Saddlery 

  • Quantity exported - 24.80 million pieces

  • Value - $171 million

  • % Share - 3.64%

  • Avg Price per piece - $6.90

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❓ Your thoughts pls? I would love to hear your thoughts on these numbers & where you see the industry heading in the coming years.

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Written & Published by Arshad | Leathernews.org

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