The purchase price of leather wallets+Sales in trade and export
There are several brands in Egypt making leather items such as wallets that have a long history in making elegant wallets.
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In spite of Egypt's lengthy history as a leader in the leather products and tanning industries, the country is currently unable to fully capitalize on this success due to a variety of problems.
This is despite the fact that Egypt has a long history of being successful in these industries.
Reuters highlights a lack of expansion capacity as one of these causes; export potential is now the sector's only realistic means of survival, so it should be noted that this element is a significant one.
According to the Industrial and Mining Projects Authority, the export of Egyptian leather goods brings around one billion dollars each year (IMPA).
The industrial sector contributes 33% of Egypt's gross domestic product.
According to the data that was issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) in the year 2017, the leather industry only contributed 0.4% to the overall GDP of the country.
Because of this, it is one of the industries that has the least significant influence on the overall economy.
Today, Egypt is home to more than 300 recognised tanneries, the most majority of which are focused on exporting their products.
At the present moment, Egypt ships out eighty percent of its high-quality semi-finished hides and skins (raw material), while only twenty percent is sold within Egypt itself.
Approximately 8,000 people are employed between the 320 private tanneries that are located in the Magra El-Oyoun workshops in Old Cairo.
They are collectively responsible for the production of 125 million square feet, which is equivalent to 75% of Egypt's current tanned leather output.
Tanneries are just one component of the supply chain that makes up the leather industry.
Tanneries are responsible for transforming raw animal hides and skins into finished leather goods.
In order to increase annual leather production to 250 million square feet, the government devised a plan that called for approximately 550 tanneries, both registered and unregistered, to be relocated to a new leather industrial city in Robeki, which was to be situated in the city of the 10th of Ramadan.
This relocation was to take place before the end of the month of Ramadan.
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According to Reuters, the Ministry of Trade has set a goal for annual exports to exceed one billion dollars by the year 2020.
The Ministry hopes to achieve this goal.
According to the International Metal Powder Association (IMPA), the move will allow the industry to save money by reducing the amount of waste produced and the costs associated with production.
Additionally, the IMPA claims that the move will allow for an increase in the number of jobs available, an improvement in the quality of vocational education, and an increase in the amount of foreign currency that is brought in.
Tanneries in Magra El-Oyoun were the source of the air pollution and the release of toxic chemicals into the environment; as a result, finding a solution to the problem was difficult.
Moving to Robeki, according to Sandra Haddad, an expert in the field who is also an assistant professor of marketing and supply chain management at the Arab Academy of Science, Technology, and Maritime Transport, was a practical way to maintain strict quality control over the chemicals that were used in the manufacturing process.
According to Haddad, who shared her thoughts with Business Forward, she is currently employed as a professor at the Arab Academy of Science, Technology, and Maritime Transport.
Robeki, the new leather city, is experiencing problems with its water and sewage systems, which is having a negative impact on the leather tanning sector.
Tanneries, as stated by Haddad, "face hurdles in the import of certain production accessories and instruments that are outlawed by the state because they are considered 'weaponry.
A large portion of the employees was missing from their jobs since the delivery of housing units to those who had migrated to Robeki took longer than expected.
To elaborate, Haddad says that not all producers were able to move to Robeki since they needed a certain amount of money to begin their businesses at the new site.
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Although Robeki provides a positive projection for the leather sector, it is difficult for enterprises located in Magra El-Oyoun to relocate due to the government's failure to begin implementing infrastructure works for the second phase of Robeki.
Now let’s see some of the brands making leather wallets and bags in eygpt.
Cult : Cult is an Egyptian bag and shoe label whose designs are novel and unconventional in the local market.
HL Designs: You'll find it very difficult not to fall in love with HL Designs' real leather bags and simple designs; the company is owned and operated entirely in Egypt.
es Miniatures: Les Miniatures handbags are perfect for women who want simple yet elegant designs in their accessories.
Nevin Altmann: The embroidered bags created by Nevin Altmann will provide you with a novel perspective on the creative side of the Egyptian countryside.
Nuniz by Nadia Zarkani: The brand Nuniz, which was created by Nadia Zarkani, is all about celebrating Egyptian history, and nothing says Egyptian more than a bag that was handcrafted in Cairo.
Okhtein: The Egyptian company Okhtein has expanded its operations across the globe.
They are well-known for their cutting-edge designs, which are a reflection of the diverse artistic culture of Egypt.
Palma Egypt: You can tell that Palma Egypt bags are a woman's best friend because they are both fashionable and useful at the same time.
Sami Amin: Absolutely, each of Sami Amin's handbags is a work of art, and they take their design cues from traditional Egyptian way of life.
YF: The designs of YF bags will distract you from the labels on the bags and draw your attention instead to the genuine leather, beautiful designs, and many styles.
Zaam: The outstanding and undeniably unique designs that Zaam offers for their bags are the reason why you will be noticed by others when you carry one of these bags.
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