The Union Budget would provide impetus to the domestic textile industry, according to FW, because despite increasing import duties for certain fabrics that can be produced domestically, exempting customs duties on the import of embellishments, finishes, fasteners, buttons, zippers, upholstery material, specific leather and packaging boxes needed by exporters of handicrafts, textiles, leather, leather clothing and footwear.
Bursa Leather Specialization and Mixed Organized Industrial Zone (BURSA DİKOSAB) closed 2021 with growth, but aims to increase the tanning capacity of leathers to 500 tons. The OIZ will have an area of 355 hectares. DİKOSAB will expand the effluent treatment plant and open a solar power plant. Background: Footwearbiz data from Turkey shows leather sector export values of more than $1.75 billion in 2021, an increase of 29% over the previous year.
Driven by a wind of recovery, writes Les Echos, the “cuir” sector saw its exports grow by 24% last year and by 9% compared to 2019. Many challenges will have to be faced, including training and recruitment. 2021 marked a clear recovery, particularly in exports. These have increased by 24% compared to 2020, a year strongly marked by the Covid-19 pandemic. And they are also up 9% compared to 2019.
From January to July 2021, according to GlobalTrade, leather imports into China amounted to $1.3 billion, an increase of 34% compared to the same period last year. Brazil and Italy are the main suppliers, comprising more than half of China’s leather purchases. In the last year, Italy (+34% YoY) has significantly increased shipments to China, while supplies from Brazil (-24% YoY) have decreased. The average price of imports was $4,028 per ton in 2020, up 19% from the previous year. [Source: IndexBox, Inc. ]
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