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Ethiopia Obtains Over $33Mn from 10-Month Leather Exports, $144.6Mn from Domestic Sales

lidi-10-m-reportEthiopia has obtained $33.14 million from the ten-month export of leather and leather products, Ethiopia’s Leather and Leather Products Industry Research and Development Center announced. The sector has also created employment for over eight thousand workers, it has been learned.

At a performance evaluation and implementation meeting of the Center’s ten-month activities, it has been noted that the earning of $33.14 million is against a target of $69.21 million for the period. Against a target of offering $104.6 million worth of leather products for the domestic market, $144.6 million worth of leather products have been sold, the Center reported.

Despite monumental challenges in export efforts, the sector has played a significant role in import substitution, it was related.

Power shortages, lack of foreign exchange, shortage of chemicals that are necessary for leather processing, capacity limit of those involved in the leather industry, as well as various challenges related to production sites have been mentioned as difficulties faced during the period.


Source (Including Image): Leather and Leather Products Industry Research and Development Center