Ethiopian Leather Industry Export Reaches USD 23.4 Million, Yet Misses its Ambitious Target of USD 41.7 Million

Despite reaching a commendable USD 23.4 million in exports, Ethiopia's leather industry falls shy of its ambitious USD 41.7 million target, signaling challenges amidst growth.
Ethiopian Leather Industry Export Reaches USD 23.4 Million, Yet Misses Ambitious Target of USD 41.7 Million

In a notable stride for Ethiopia’s economy, the country’s leather and leather products industry boasted an export revenue of approximately USD 23.4 million during the last nine months of the fiscal year. This commendable achievement was reported by the Leather and Leather Products Industry Research and Development Center.

The substantial revenue was primarily derived from exports of various leather goods, including shoes, bags, gloves, and both finished and semi-finished leather, which found their way to diverse international markets. Impressively,

  • It was Leather that spearheaded and contributing USD 15 million to the export revenue,
  • Followed by Leather Glove with USD 3.2 million,
  • Leather Goods with USD 2 million, and
  • Footwear with USD 1 million.

Despite this promising growth, the industry fell short of its ambitious initial target of USD 41.7 million. Mohammed Hussein, the Acting Director of the Center, shed light on the factors contributing to this shortfall, citing market downturns in export destinations such as Europe and Western countries. However, Ethiopia’s strategic alliances with countries like China, Indonesia, India, and Vietnam continued to serve as pillars of support for its leather exports.

The challenges faced by the Ethiopian leather industry are not insurmountable. Factors such as limited production capacity, foreign currency shortages, market downturns, the loss of African Growth and Opportunity Act (AGOA) benefits, and a predominant focus on the domestic market by shoe factories have been identified as key obstacles. In response, the Leather and Leather Products Industry Research and Development Center has embarked on a comprehensive ten-year strategic plan aimed at revitalizing the sector.

This ambitious plan encompasses initiatives to bolster the supply of raw hides, broaden market access, and provide enhanced support in terms of technology, inputs, and finances. Moreover, the Center is actively engaged in facilitating collaborations between manufacturers, marketing agencies, and networking sectors. By fostering synergy among investors, experts, and customers, the aim is to catalyze holistic growth within the Ethiopian leather industry.

In conclusion, while the Ethiopian leather industry has made significant strides in export revenue generation, there remains ample room for growth and improvement. By addressing the challenges head-on and implementing strategic initiatives outlined in the ten-year plan, the industry is set to overcome hurdles and emerge as a formidable player in the global leather market. With concerted efforts and proactive measures, Ethiopia’s leather sector is primed for a promising future of sustainable growth and prosperity.

Like this article? Share it with your network!

Join Our
Exclusive Leather Community

Get the entire weeks global leather industry’s news including footwear, leather goods news, and industry insights directly in your inbox every Sunday at 11 am!

Join Our Exclusive Weekly Leather Newsletter

Get the entire weeks global leather industry’s news including footwear, leather goods news, and industry insights directly in your inbox every Sunday at 11 am 

Search Articles

Leather News

Gruppo Mastrotto Launches Revamped Website and Opens New Showroom in Tuscany

Gruppo Mastrotto, a world leader in high-quality leather production, has launched a new, completely...

Pakistan and China Establish Strategic Partnership to Boost Leather Industry

Pakistan and China are working closely to elevate Pakistan’s leather industry, aiming to transform...

Rino Mastrotto Raises €320 Million in Successful High-Yield Bond Sale

Rino Mastrotto, a renowned name in the leather industry, has successfully concluded the placement of...

Join Our Exclusive Weekly Leather Newsletter

Subscribe now to receive the entire week’s leather industry news directly in your inbox every Sunday at 11 am 

Join Our Exclusive Leather Community Newsletter

Get the entire weeks global leather industry’s news directly in your inbox every Sunday at 11 am