Asian leather is recovering. Export data for Pakistan and Bangladesh showcase a way out of the crisis. In the first instance, the increment was of 13.29%. In the second, the apparel increase on yearly base was of +11.1% and of +14.43% for leather goods. Meanwhile, everything in India is ready to pose the first stone of the new leather industrial cluster in Ramaipur.
Asian leather is recovering
PBS (Pakistan Bureau of Statistics) published data on the export of leather products for the period of July 2020 – April 2021. Foreign sales, as reported by worldfootwear.com, increased by 13.29% during the first 10 months of the fiscal year. Overall, Pakistan made 467.79 million USD (against the 412.91 million of the same period of the previous year). 82% of exports were footwear, which decreased by 0.88% in value, but increased 11.7% in volume. Finished leather’s revenue was 129.53 million USD, or 19.81% less than the 161.53 million of the previous year.
Bangladesh takes off
Bangladesh also seems to have left the pandemic behind. As reported by EPB (Export Promotion Bureau), apparel sales during the first 11-months of the fiscal year 20/21 reached 28.6 billion USD. This means 11.4% more than the same period of the previous year. Leather goods made 846.1 million USD, or +14.43%.
Everything is ready for the mega cluster
Meanwhile, in Ramaipur, in the Indian state of di Kanpur, excitement is in the air. Meanwhile, the first stone will soon be posed for the new industrial cluster. This was said by Rajeev K Jalan, workers’ coordinator and ex-president of CLE (Council for Leather Export), as reported by Times of India. Mr. Jalan explained that, in about 4-6 weeks, entrepreneurs should be able to receive their lots: at that point, they will be able to start constructing tanneries and other leather goods’ companies. The site will cover about 250 acres, or 1 square kilometer and should give work to circa 150.000 between direct and indirect employees.