This Week's News from the Global Leather & Allied Industries - Leathernews.org

Indian Leather & Footwear Exports to US Set to Grow from $1.26 Billion to $4 Billion by 2030 Says CLE | Henkel Agrees to Buy Stahl for €2.1 Billion at 3x FY 2025 Sales Multiple | 39th India International Leather Fair 2026 Ends With Strong Global Presence But Weak Visitor Footfall & more...

WEEKLY ROUNDUP

Your quick 5 minute brief on this week’s global leather & allied industry news

Good morning & welcome to another edition of Weekly Roundup by Leathernews.org

Every Sunday at 11 am, we bring you the entire week’s news, insights, updates, market research, analysis, expert opinions, facts & figures from the global leather & allied industries in a simplified & easy to read format, saving you time while keeping you well informed & updated in under 5 minutes.

The Indian leather and footwear industry woke up to some good news today, on 3rd February 2026. Exports to the US will now face a lower tariff of just 18%.

The council said the reduction of the US reciprocal tariff from 50% to 18% gives India a strong competitive edge in the American market. It expects exports of Indian leather, leather products and footwear to the US to rise from $1.26 billion in 2024 to $4 billion by 2030.

“This trade deal will immensely benefit the MSMEs and will aid in envisaged generation of additional employment opportunities for 2.2 million people in next 5 years in our sector.”

- Ramesh Juneja, Chairman, CLE

The fair was formally inaugurated by Ambassador Jawed Ashraf, IFS Retd. Chairman of the India Trade Promotion Organisation. Senior government officials, leather industry leaders, diplomats and media representatives were present at the opening.

“Quality and on time delivery are critical if India wants to strengthen its supply chain and improve global performance”

- Jawed Ashraf, Chairman, India Trade Promotion Organisation

Nearly 14 labels showcased their collections. These included Tata International, Tohl, Toni Rossi, Language, CSIR-CLRI, FDDI, KICL, IUAD Milano, Kickers, Ramjee Leather Supplies, Rathnam Leathers and more. The collections covered leather goods, garments, accessories and footwear for men, women and children.

The session focused on the next version of LWG standards, new training opportunities for tanneries and a detailed explanation of the audit and certification process handled by LWG Assurance Services.

During the Q&A many participants raised sharp and practical questions around the new standards, audit timelines and the shortage of LWG auditors.

Henkel says the acquisition supports its strategy to expand into specialty coatings while strengthening its core adhesive business.

Speaking in Maputo region at a consultation meeting on the leather sector the government said the industry is still stuck at a raw material stage and is not getting full value.

According to the official data from the China Leather Industry Association (CLIA), from January to November 2025, the sales revenue of key bags and cases enterprises decreased by 8.9% compared to the previous year.

Uzbekistan and Pakistan are taking a clear step forward to deepen cooperation in the leather industry with talks now shifting from discussion to execution.

The fair ran from Sunday to Tuesday. When leathernews.org spoke to exhibitors responses were mixed. Day one saw a decent crowd. From Monday footfall dropped sharply and by Tuesday the venue was almost empty.

The German Federal Association of the Footwear and Leather Goods Industry (HDS/L) has named Torben Schütz as its new Managing Director from Feb 1 2026.

Can India Really Trust Trump?

The Indian leather & footwear industry got a big relief on 3 Feb 2026.

The US cut tariffs on Indian goods to 18% from a steep 50%. This move came after nearly 5 months of pressure on exporters since higher duties were imposed in August 2025.

Building on this development the Council for Leather Exports (CLE) has said that it expects exports of Indian leather, leather products & footwear to the US to rise from $1.26 billion in 2024 to $4 billion by 2030.

CLE is targeting total exports of $14 billion by 2030 with the US & the recent FTA’s with UK & EU playing key roles in this growth story.

But one question remains. Can we really trust Trump?

One thing is clear. Tariffs are being used as a pressure tool by Washington.

Just because tariffs are reduced now does not mean they cannot go up again

I know many leather goods & accessories exporters have spent months trying to enter into new markets.

India should not stop diversifying or depend too much on one country. That hard work should not be wasted.

Thanks for reading our newsletter

If you found something useful, please consider sharing it with others who might benefit.

ABOUT THE AUTHOR

Arshad,
Founder & Editor
Leathernews.org

For advertising or media partnership enquiries, please reach out via

Email:- [email protected]
LinkedIn: - LinkedIn

Arshad is the Founder & Editor of Leathernews.org, a global news platform covering the leather, footwear & allied industries. He is an engineer specialising in leather technology with over 9 years of experience across the global leather & allied industries & content creation. He closely tracks trade policy, exports, global sourcing trends & industry developments, with a focus on making complex topics simple, clear & easy to understand for industry professionals.

Reply

or to participate.