Pakistan Leather And Footwear Industry Export Decline
This year, leather manufacturers in Pakistan experienced a loss year. In the 7-10 months of the current fiscal year, leather exports dropped by 17.04%, leather clothing exports dropped 5.59%, leather gloves exports decreased by 42.27%, and the export of other leather goods decreased by 39.62%.
In shoe industry, the export of leather shoes has dropped by 11.86%, and the export of canvas shoes has dropped by 34.05%.
In the season of Eid al Fitr, nearly 20% of the long skins and skins concentrated airflow were destroyed, which added to the misfortune of the manufacturers, which resulted in the loss of millions of dollars in Pakistan due to the violation of conventional permission.
Despite the fact that nearly 5 million 500 thousand animals were slaughtered, the leather merchants still failed to produce enough raw cowhide to make leather.
Lahm, Secretary of the Pakistan fur manufacturers and Exporters Association, said that Pakistan imported $5000-6000 of leather to offset the decline in production.
Pakistan's fur exports account for 65% of the total exports, and Pakistan's leather clothing exports have been worst affected. The export of leather garments has dropped by 24%, due to the low quality raw materials and the demand reduction from the international market in Pakistan.
Slaughterhouses without adequate equipment also continue to damage the quality of long skins and skins.
From the beginning of the year to the end of the year, there is no hope for the exporters to rise.
However, the government of Pakistan is able to be vigilant to ensure that this crisis will not spread from this year to next year.
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