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Pakistan exports of footwear and leather are on the rise


According to the Pakistan Bureau of Statistics exports of leather products, tanned leather and footwear increased in the first two months of the new fiscal year

According to the latest data by the Pakistan Bureau of Statistics (PBS), during the first two months of the current fiscal year*, Pakistan leather manufacturers exports increased by 8.21% in value, as compared to the same period in the preceding year. From July to August 2021, the country exported a total value of 106.28 million US dollars of leather goods, as compared to the 98.22 US dollars exports value reported in similar period in the previous year.

The same source indicates that during the referred period, revenue exports of tanned leather corresponded to 28.61 million US dollars. There was an increase in both volume (+60.23%) and value (+44.05%), on a comparable basis to the same period of 2020-2021.

Footwear

2.55 million pairs of shoes were already sent abroad, resulting in exports revenue of 26.79 million US dollars. On a comparable basis to the same period last year, there was an increase of 20.60% in volume and 23.72% in value. Leather footwear exports represent roughly 84.67% of the total value of footwear exports (22.68 million US dollars). Exports of canvas footwear and other footwear continue to increase both in value and volume.

Pakistan Footwear Industry
The Pakistani footwear industry is the 7th largest in the world. According to the World Footwear 2021 Yearbook (AVAILABLE HERE), in 2020 the Asian country produced 483 million pairs of shoes, which is correspondent to the world share of 2.4%. Mostly concentrated in the province of Punjab, the industry is predominantly focused on its internal market. Last year, footwear exports decreased by 8% and, for the 3rd consecutive year, imports also decreased. Even-tough Pakistan destination exports are widely spread geographically, it imports mainly textile footwear from China.


* Pakistan’s financial year runs from July to June


Image credits: Aryan Ghauri on Unsplash

 
 
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