123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Margins Of Leather Export To Fall

Profile Picture
By Author: Aniket
Total Articles: 139
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The leather exports from the eastern part of the country probably may witness a 20-25 percent decline which may in turn hit the performance of allied industries such as leather glove, handbag and garment manufacturing as well.

SME leather exporters, who are already facing a decline in margins due to the instability in the rupee movement, will now have to ready themselves up to face many more ups and downs in the coming days. The lingering impact of recession is causing difficulties for small-scale leather goods exporters, especially those falling in the eastern region of India.

Exports of leather to plummet

According to regional chairman of the Council for Leather Exports (CLE), Paresh Rajda, the leather exporters from the eastern part of the country are likely to witnesses a 20-25 percent drop in their exports given the continuing impact of recession.

Leather export ...
... orders usually flow in 6 months in advance. However, the sector has been witnessing contraction in overseas orders, which is upsetting SME leather exporters in the region, Rajda further added.

The decline in margins of SME leather units may in fact affect the overall performance of the sector. The bleak export market will put in danger the growth of other allied sectors as well, like footwear, leather glove, handbag and garment manufacturing.

With margins projected to plunge in the future, SME leather exporters and manufacturers are suggested to exercise caution and think twice before making any strategic move.

Total Views: 344Word Count: 247See All articles From Author

Add Comment

Business Articles

1. How Global Trade Finance Facilitates Cross-border Transactions And Reduces Risk
Author: Riddhi Divan

2. Innovative Uses Of Nickel In Cryogenic And Marine Environments
Author: Online fittings

3. Implementing Predictive Analytics In Your Abm Toolkit
Author: SalesMark Global

4. Comparing The Top 5 Live Commerce Platforms For 2024
Author: Amy Williams

5. Data-driven Precision Marketing For Effective Demand Generation
Author: SalesMark Global

6. Supercharge Your Sales With Optimized Pipeline Velocity
Author: SalesMark Global

7. Best Japan Tour Packages
Author: bharathi

8. Adani Group Stocks Down 20%; Gautam Adani Indicted In Us Over Bribery Charges
Author: Bizzbuzz

9. High-performance Ss Round Bars: Addressing The Energy Sector's Needs
Author: Neelkamal Alloys LLP

10. The Role Of Modern Washroom Solutions In Maintaining Cleanliness
Author: ritika krishna

11. Why Choose Premium Taxi Services In Kochi?
Author: maya

12. Black Magic Astrologer In Kasaragod
Author: Sripandith05

13. The Health Benefits Of Adding Pineapple To Your Pancakes
Author: maya

14. Top Luxury Resorts In Kerala For Your Dream Vacation
Author: maya

15. How To Start Your Shopping Website In Doha: A Simple Guide
Author: maya

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: