Leather-sector exports from Pakistan experienced a fall in value for the first three quarters of the current financial year (July 2014 to March 2015), reaching US$921.1 million compared to just less than US$950 million in the same period a year earlier. This represents a decline of 3%, reports international news site Leatherbiz.
In terms of volume, the fall was sharper. Tanners exported 16.4 million square-metres over the nine-month period during the current financial year compared to 21.8 million square-metres last time around, a decline of almost 25%.
Pakistan’s leather sector earned export revenues of US$93.3 million in the month of March 2015, showing growth compared to the previous month, February 2015. Of this, US$41.3 million was from shipments of finished leather, US$42.8 million from leathergoods and US$9.1 million from leather footwear.