CHENNAI LEATHER MARKET AND IILF 2013

CHENNAI LEATHER MARKET AND IILF 2013

V.M. Khaleelur Rahman

Due to Christmas and New Year holidays, leather market everywhere particularly abroad is very slow with limited activities. While in the local market demand for tanned goat skins continues as usual and prices for different selections like Grain, Suede and Lining are on the high side because of increased demand and purchases by different leather and leather products manufacturers, overseas customers are not enthusiastic in paying the asking prices of exporters here. But some exporters enter into contracts even at unworkable levels in leather products in order to grab as much orders as possible and keep their show in full swing.

Tanned goat skins Grain selection Run was sold at around Rs.80, V/IF at around Rs.60 and Lining at around Rs.40 whereas All Suede fetched at around Rs.58 per sq. ft. As far as Rejection is concerned, it is moving at around Rs.30 per sq. ft. Exporters of leather and leather products show interest for these items.

Offers made by some exporters of goat and sheep leathers are as follows:

S/C OR F/C GOAT LEATHERS

Material Size/sq. ft. Substance Selection Price US$ per sq. ft. C&F

Goat upper leather 3/5 or 4/7 0.6/0.8 mm ABC 2.60

Goat milled leather 4/7 0.6/0.8 mm E 2.00

Goat suede leather 4/7 0.6/0.8 mm All Suede 2.50

Goat lining leather

3/5 or 4/7 0.5/0.7 mm TR-1/2/3 1.60/1.50/1.40

6/9 0.6/0.8 mm TR-1/2/3 1.65/1.55/1.45

F/C SHEEP LEATHERS

Material Size/sq.ft. Substance Selection Price US$ per sq. ft. C&F

Sheep Suede/Cabretta leather 4/7 0.6/0.8 mm ABC 2.70

Sheep Suede/cabretta leather 6/9 0.8/1.00 mm ABC 2.85

Sheep lining leather 3/5 or 4/7 0.5/0.7 mm TR-1 1.75

Prices of raw skins and hides are almost unchanged everywhere in the country and even abroad. The general impression of everybody is that there is more demand and less supply. No association or council seems to have done any study to find the cause and solution for this situation.

IILF 2013 – FROM 31-1-2013 TO 3-2-2013

The leather industry in India and abroad is awaiting the 28th edition of India International Leather Fair (IILF) to be organized by India Trade Promotion Organisation (ITPO) from 31sat January 2013 to 3rd February 2013 at the Chennai Trade Centre, Nandambakkam, Chennai. It will be open to business visitors from 1st February to 3rd February 2013 from 10 am to 8 pm.

More than 400 companies including 100 from more than 20 foreign countries are to exhibit their products showing latest trends, styles, designs and colours according to the ITPO. A large number of Indian and overseas visitors are expected to attend the fair.

The estimated business during the forthcoming fair is to the tune of US$ 284.4 million as per feedback from exhibitors to the ITPO

(VMK in Indian Leather, January 2013)