India’s exports of leather and leather products are expected to grow in 2022-23 on account of growing demand for these products in global markets, says the Council of Leather Exports. Changes in global market dynamics caused by the pandemic have created huge export opportunities for the sector. Also with a slew of trade agreements signed and in the pipeline and active support of the government are helping sustain the export growth in the remaining months of this year.

Shipments from the sector rose by 32.5 per cent in 2021-22 from the previous year. The healthy export growth witnessed in 2021-22 is continuing this year also, with export of leather, leather products and footwear increasing in April to May 2022 from April to May 2021. In this period exports to the USA registered a growth of about 78.5 per cent. Shipments to India's largest market Europe too registered a growth of 44.6 per cent during the first two months of this fiscal. Exports to other markets like Canada, Australia, the UAE have also grown this year. Signing of trade pacts with the UAE and Australia are expected to help in further boosting outbound shipments.