China's leather goods exports bounce back after COVID disruption

China’s exports of leather apparel and accessories dipped to $22.768 billion in 2020 from $29.587 billion of 2019, but it bounced back to $30.884 billion in 2021, according to Fibre2Fashion’s market insight tool TexPro. The export grew over 35 per cent and breached the level of 2019. The exports were $29.800 billion in 2018 and $29.337 billion in 2017. China’s exports were valued at $25.032 billion in the first eight months of this year.

Leather goods exports from Italy decreased to $9.642 billion in 2020 from $12.413 billion in 2019. It recovered to $12.091 billion in 2021. Its exports were valued at $10.451 billion in 2018 and $9.153 billion in 2017. The country had exported leather goods worth $6.364 billion in January-June 2022.

Russia’s exports of leather products fell to $65.535 million in 2020 from $68.525 million in 2019. It increased to $71.718 million in 2021. The country had exported leather apparel and accessories worth $54.217 million in 2018, and $46.625 million in 2017, as per TexPro. However, Russia’s war with Ukraine disrupted its exports again this year.

Leather apparel and accessories exports from Brazil decreased to $29.493 million in 2020, compared to $36.980 million of 2019. The exports recovered to $37.764 million in 2021, which was higher than that of 2019. Its exports were recorded at $29.922 million during January-August 2022.

However, India’s exports could not recover in 2021 to the pandemic level. India’s exports dipped to $1.861 billion in 2020 from $2.526 in 2019. Its exports bounced back to $2.364 billion in 2021. But the exports could not touch the level of 2019. The country’s exports were $2.488 billion in 2018 and $2.420 billion in 2017. India had exported leather products worth $1.642 billion in the first seven months of 2022.

Fibre2Fashion News Desk (KUL)