Ethiopia misses leather export target by a long way
25/08/2017
Birhanu Serjabo, director of corporate communication for the institute, said this figure means the country only achieved 42% of its export target, which was set at $272.7 million.
Among the reasons given for this were limited capacity, insufficient and low quality of raw material, and a slowing down of the international market.
Ethiopia was under a state of emergency for much of the year due to unrest. It was declared in October 2016 and was only lifted earlier this month. This disrupted manufacturing operations in a number of industries, including leather.
Despite the disappointing figures, LIDI has said that exports of shoes, leather clothes and leather articles were strong.
Mr Birhanu said the country is targeting exports of $280 million in the current fiscal year after resolving some of the challenges it has faced in the past 12 months.
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