Export Performance Analysis: Footwears Infoline

Export Performance Analysis

Export Performance Analysis of Leather and Leather Products during April-March 2007-08 vis-a-vis April-March 2006-07

Exports Cross US$ 3.47 Billion Mark

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Introduction

The export of Leather and Leather Products for the period April-March 2007-08 touched US$3477.52 million against the performance of US$3059.43 million in the corresponding period of last year, registering a positive growth of 13.67% in Dollar Terms. In rupee terms the export touched Rs.140007.33 million against the previous years performance of Rs.138437.84 million showing a positive growth of 1.13%.

The export value during 2006-07 was revised upwards by DGCI&S, from US$2981,79 million (Rs.134924.39 million) to US$3059.43 million {Rs.138437.84 million).

A Statement showing the Product-wise Export performance during April-March 2007-08 vis-a-vis April-March 2006-07 is given below:

(In Million Rs.)

Category	Apr-Mar	Apr-Mar	% Variation
	2006-07	2007-08
Finished Leather	32760.69	30877.20	-5.75%
Leather Footwear	44087.76	46856.08	6.28%
Footwear Components	9947.84	10713.89	7.70%
Leather Garments	14023.29	13849.39	-1.24%
Leather Goods	31958.86	31602.54	-1.11%
Saddlery & Harness	3725.32	4260.16	14.36%
Non-Leather Footwear	1934.08	1848.07	-4.45%
TOTAL	138437.84	140007.33	1.13%
Source : DGCI &S			(In Million US$
Category	Apr-Mar	Apr-Mar	% Variation
	2006-07	2007-08
Finished Leather	724.00	766.93	5.93%
Leather Footwear	974.33	1163.82	19.45%
Footwear Components	219.84	266.11	21.05%
Leather Garments	309.91	343.99	11.00%
Leather Goods	706.28	784.95	11.14%
Saddlery & Harness	82.33	105.81	28.53%
Non-Leather Footwear	42.74	45.90	7.39%
TOTAL	3059.43	3477.52	13.67%

Major Highlights

Export of Footwear (leather, footwear components & non-Leather footwear) has increased from US$1236.91 million in April-March 2006-07 to US$1475.83 million in April-March 2007-08, registering a growth of 19.32%
In Dollar terms, Leather footwear has alone grown by 19.45%, footwear components by 21.05% and Non-Leather footwear by 7.39%
Export of Leather Garments has increased by 11.00%, Saddlery & Harness by 28.53%, and Leather Goods by 11.14%
Export of Finished Leather has increased by 5.93%.

India's Leather & Leather Products Export Basket

Export Target Vs Achievement

As against the approved export target of US$ 3042 million for the year 2007-08, the actual export performance was US$3478 million, recording an achievement of 114.32% over the targeted export. The product specific export target vis-a-vis achievement is given below:

(In Million U5$)

Product Category

Export Target

2007-08

Actual Export Apr-Mar 2007-08

% Achievement

Finished Leather Footwear Leather Garments Leather Goods Saddlery & Harness

675 1347 280 650 90

767 1476 344 785 106

113.62% 109.56% 122.85% 120.76%

117.57%

Total

3042

3478

114.32%

Country-wise analysis

The major markets for Indian Leather products are Germany with a share of 14.05%, Italy 13.78%, UK 11.91%, USA 8.82%, Hong Kong 7.70%, Spain 6.10%, France 5.64%, Netherlands 3.84%, UAE 2.14% and Australia 1.43%. These 10 countries together accounts for nearly 75.41% of India's total Leather products export
Overall positive growth is seen in markets like Germany 19.18%, UK 15.14%, Italy 15.89%, France 12.72%, Spain 14.15%, Netherlands 32.29%, Australia 26.33% and Denmark 16.04%.
Overall decline is seen in markets like USA 3.43%, Hong Kong 4.21%, Greece 3.46% and South Africa 21.97%.

(In Million US$)

Trend in Major Importing Countries of Leather Products
Country	Apr-Mar	Apr-Mar	% Variation
	2006-07	2007-08
Germany	410.08	488.72	19.18%
Italy	413.35	479.04	15.89%
UK	359.84	414.32	15.14%
Spain	185.78	212.07	14.15%
France	174.04	196.17	12.72%
Netherlands	100.82	133.37	32.29%
Australia	39.38	49.74	26.33%
Denmark	42.30	49.08	16.04%
U.A.E.	62.55	74.53	19.14%
Portugal	49.92	56.06	12.31%
China	42.52	51.90	22.05%
Sweden	29.01	38.81	33.79%
Canada	32.17	35.90	11.58%
Hong Kong	279.72	267.93	-4.21%
USA	317.59	306.69	-3.43%
Saudi Arabia	15.77	15.53	-1.56%

Port-wise Export Performance

As per the Port-wise compilation for the period April-March 2007-08, export of Leather and Leather Products from South, West, East and Central Regions are showing positive growth. However, there is a decline of 0.16% from Northern Region.

(In Million US$)

Region

APR-MAR

2006-07

Share in Total Export

APR-MAR

2007-08

Share in Total Export

% Variation

Southern Western Eastern Northern Central

Others

1250,12 569.58 437.97 377.80

78.86

345.10

40.86% 18.62% 14.32% 12.35%

2.58%

11.28%

1398.49 695.63 517.85 377.21 99.69 388.65

40.22% 20.00% 14.89% 10.85% 2.87% 11.18%

11.87%

22.13%

18.24%

-0.16%

26.41%

12.62%

Total

3059.43

100.00%

3477.52

100.00%

13.67%

Note: This is purely based on port-wise compilation and does not reflect the accurate regional performance: Source: DGCI& S

Conclusion

India's export of Leather & Leather Products has reached US $ 3.47 billion in dollar terms and Rs.14,000 crore in rupee terms. In dollar terms, there has been an export growth of 13.67% and in rupee termsl.13%
Footwear alone holds a major share of 42.44% in India's total leather products export trade
As against the export target of US $ 3042 million for the financial year 2007-08, the achievement was 114.32%

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