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India Plans Major Push on Australia Leather Import Market
August 12, 2009: Bilateral trade between India and Australia in 2008 stood at
A$15.4 billion. Growing at around 27% per annum, India is Australia’s 9
th
largest
trading partner.
The Indian Leather industry is growing at around 12% CAGR, ranks 8th in
export trade in terms of foreign exchange earnings for the country. This
industry is a source for 10% of the global leather requirement, having an annual
production value of US$5 billion and export value of US$ 3.47 billion. The top
export markets - Germany, Italy, UK and the USA - account for 50% of these
exports.
The Indian leather industry is planning to significantly increase its profile in
Australia and take a greater share of the $1.5 billion import market for leather
and leather products.
On August 27th and 28th, some of India’s top leather exporters will host a
Business to Business Meet and Expo in Sydney to display a wide range of Indian
leather products and footwear available for export to the Australia market. This
Business Meet cum Expo is being organised by the Council for Leather Exports,
an apex export promotion organisation under India’s Ministry of Commerce and
Industry, with the support of the Consulate General of India in Sydney.
In 2007 Australia imported $1.5 billion worth of leather and leather products
including footwear, up from $941 million in 2002, a growth rate of 10.3% per
annum. Of that, only $63 million of leather imports were sourced from India.
The Indian leather industry is keen to increase India’s share in Australian
imports of leather and leather products.
The business event in Sydney will feature a wide variety of Indian-manufactured
footwear, leather garments, leather upholstery and accessories such as wallets,
purses, bags, belts, gloves etc.
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The Council of Leather Exports has appointed Market Connexions, a division of
Multicultural Connexions headquartered in Sydney, as the Marketing & Event
Management Company. Messaging for both offline and online media, will also
be managed by Market Connexions.
ENDS
Media enquiries:
Richard McGowan – 0412 277 141 or richard@rmgcoms.com.au
NEWS 
