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India's Leather Industry Exports Declined by 1.66% Year-on-Year in Fiscal Year 2025–2026.

Xuzhou Hoffen Chemicals Co., Ltd. 2026-5-29 19:17:43

India's Leather Industry Exports Declined by 1.66% in Fiscal Year 2025–2026

According to data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) under India's Ministry of Commerce, India's exports of leather, leather products, and footwear totaled USD 4.75 billion in fiscal year 2025–2026, representing a 1.66% year-on-year decline from USD 4.83 billion in the previous fiscal year.

From a product perspective, India's leather export structure showed a mixed performance. Leather footwear remained the largest export category, generating USD 1.95 billion, down 3.03% year-on-year. Leather goods, the second-largest category, recorded exports of USD 1.25 billion, a decline of 5%. Finished leather experienced the sharpest drop, falling 10.65% to USD 399 million.

Meanwhile, several product segments achieved growth. Leather garments delivered the strongest performance, with exports increasing 17.65% to USD 416 million. Saddlery and harness products rose 7.30% to USD 220 million, while exports of footwear components and non-leather footwear increased by 3.77% and 3.58%, reaching USD 253 million and USD 262 million, respectively.

Analysts noted that India's leather export performance during fiscal year 2025–2026 was affected by a complex international environment. The report identified the United States' "reciprocal tariff" policy as one of the most significant external challenges of the year. Beginning in late August 2025, Indian exports entering the U.S. market faced tariff rates of up to 50%, a situation that persisted for nearly five months until the White House announced tariff reductions on February 3, 2026.

In addition, geopolitical tensions in West Asia placed further pressure on the sector. Shipping risks in the Red Sea and Gulf regions forced some vessels bound for Europe and the United States to reroute via the Cape of Good Hope, extending transit times by 15 to 20 days and increasing freight costs.

The Council for Leather Exports (CLE) stated that despite these challenges, recently signed or ongoing trade agreements between India and major economies—including the United States, the European Union, the United Kingdom, member states of the European Free Trade Association (EFTA), New Zealand, and Oman—are expected to support future export growth, attract investment, and strengthen industry supply chains.

Industry observers believe that the 1.66% decline does not indicate a severe contraction of India's leather industry. Given the multiple external disruptions faced during the year, the overall export volume remained relatively stable. At the same time, the strong performance of leather garments, saddlery and harness products, and footwear components suggests that Indian exporters are gradually expanding into higher value-added product segments, while several traditional product categories continue to face pressure.

Source: China Leather Industry Association
May 29, 2026

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