US Assessment Report: Nigeria Leather Industry Has Great Potential

A p leather industry sub industry assessment report recently released by the US International Chemical economic company disclosed that although Nigeria's domestic capacity can meet local demand and even export, the number of imported shoes per year in Nigeria has also reached about 20 million pairs.

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< p > > a href= "http://sjfzxm.com/news/index_cj.as" > report < /a > also revealed that Nigeria negligence of imported shoes may make the leather industry lose the opportunity brought by the global leather market of $72 billion.

According to the report, in the long run, the shoe market in Nigeria will develop into a market worth 104 million US dollars in the next 10 years.

If we invest, stakeholders can get a share here.

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< p > the growth of the market will inevitably bring about an increase in employment.

The increase in disposable income of the people of Nigeria will surely ignite the demand for high-quality leather shoes, jackets, bags and furniture.

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< p > but observe the current Nigeria leather products market, reaching an average annual growth rate of 3%.

The report points out that although developed countries are the main consumers of leather goods, they export large quantities of raw leather to developing countries for reprocessing.

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"P", "these developing countries that can bring value increase can not keep up with the demand for semi-finished leather and finished leather products, so they are constantly seeking new supplies.

West Africa has been seen as a potential source market. "

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"P >" Nigeria already has a prosperous export market, and Nigeria's red Soto Tuo sheep are expensive in the international market, especially in Italy.

There are many large animal communities in Nigeria, and all the raw materials for leather making and leather products can be produced locally.

If these resources can be used strategically, Nigeria can greatly increase its share in the international leather and leather goods market. "

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< p > "Nigeria has a special food made from animal skins called" Ponmo ", which is called the local delicious food.

At present, the demand for "Ponmo" is competing with the leather demand of leather making, and there is a tendency to win.

Because the raw material needed for the production of "Ponmo" does not have much quality requirement, it can give a price of 5 times.

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< p > in conclusion, the report suggests that if Nigeria wishes to make full use of the capacity of the leather goods manufacturing industry, more high-quality resources will be needed.

The report also adds that the leather products industry in Nigeria has great potential to generate foreign exchange and create jobs, especially to create more job opportunities for women.

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