Export Of Leather Goods From India 2026 Market Overview & Trends

Unlocking Opportunities in Export Of Leather Goods From India Market: Trends, Strategies, and Growth Insights

$289.8 m

Market Size

47.8 m Kg

Export Volume

Thailand

Key Trading Partner

~3.03%

Market Growth Rate

Leather Goods in India Trade

AI Insight

India’s leather export sector demonstrates a stable 3.03% growth rate, underpinned by a massive 112% increase in export quantity since 2020. While volume surged to 47.8M units, total value stabilized at $289.8M in 2024, suggesting competitive pricing strategies. China and Vietnam remain the primary hubs, while Thailand and Bangladesh show exceptional emerging growth exceeding 30%. The market is heavily concentrated in tanned and crust hides (HS 410439), reflecting India’s strength as a key upstream supplier in the global leather value chain.

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5-Year Export Volume

AI Insight

India's export performance shows a significant volume increase, nearly doubling from 22.5M units in 2020 to 47.8M in 2024. However, export value has remained relatively stable since 2022, currently at $289.8M. This indicates a shift toward higher volume but lower unit-value transactions compared to the 2021 value peak of $314.7M.

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Top 5 Destination Countries

China

25.94%

Vietnam

24.55%

Italy

21.39%

Hong Kong

16.6%

Indonesia

11.52%

AI Insight

In 2024, China emerged as the leading destination for Indian exports, valued at $41.5M, followed closely by Vietnam at $39.3M. European demand remains significant with Italy importing $34.2M. These top five markets, including Hong Kong and Indonesia, demonstrate a strong trade concentration across East Asia and Europe.

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Export Growth Analysis

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3.0%Annual Growth

AI Insight

The sector maintains a steady growth rate of 3.03%. This positive trajectory indicates resilient demand and stable market expansion for Indian leather exports despite global economic fluctuations. Consistent growth highlights the sector's reliability and its ongoing contribution to the national export portfolio.

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Emerging Market Opportunities

AI Insight

Thailand leads emerging market growth with a robust 37.58% increase, followed by Bangladesh at 32.56%. Other notable performers include Indonesia and Vietnam. These high growth rates in Southeast Asian and South Asian neighboring markets signal shifting supply chain dynamics and expanding regional trade opportunities for the 2024 period.

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Sector-Related Export Opportunities

AI Insight

The export portfolio is dominated by tanned or crust hides. HSCode 410439 (dry state crust) is the primary driver, generating $188.4M in 2024. HSCode 410431 (full grains/splits) also shows significant scale at $98.9M. Conversely, wet blue leather (HS410422) represents a smaller niche segment valued at $2.4M.

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India Leather Goods Export Requirements

Before Shipment

Obtain IEC from DGFT and register with Council for Leather Exports. Ensure compliance with REACH/AZO dye restrictions. Secure CITES permits for exotic skins. Conduct pre-shipment quality inspections and mandatory lab testing for hazardous substances.

Documentation Required

Essential documents include the Commercial Invoice, Packing List, Bill of Lading or Airway Bill, Shipping Bill, and Certificate of Origin. Additionally, provide a lab test report for chemical compliance and a CITES certificate if using exotic leather materials.

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Leather Goods Exports and Free Trade Agreements from India

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India-UAE Comprehensive Economic Partnership Agreement (CEPA)
India-ASEAN Trade in Goods Agreement
India-Korea Comprehensive Economic Partnership Agreement (CEPA)
India-Japan Comprehensive Economic Partnership Agreement (CEPA)
South Asian Free Trade Area (SAFTA)

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