Bangladesh leather industry

Bangladesh leather industry makes leather-based products such as garments, shoes, belts, bags, and jackets, suitcases, wallets, and some fancy items. These products are sold both in the domestic and foreign markets. Leather footwear is the fastest growing segment of the leather industry. Bangladesh meets the demand for about 10% of the world’s total leather market. About 85% of leather and leather products of Bangladesh are exported abroad, mostly in the form of crushed leather, blue wet leather, finished leather, leather garments, and footwear. Most of the leather and leather goods are exported to the EU, the US, Australia, Japan, Singapore, and South Korea etc. The global LLGs market expanded from $75bn in 2000 to $167bn in 2015 – indicating growing demand around the world and, thus, lucrative prospects for exporting countries. During the same period, Bangladesh’s exports expanded by about $1bn (from $200 million to $1.2 billion).Leather products demand is increasing day by day tremendously than earlier. Bangladesh’s LLG exports are highly concentrated in a few markets. It exports 44 leather products (at the HS 6-digit level) to 84 destinations. In comparison, Vietnam exports 59 items to 122 markets and China sends 65 products to 209 foreign markets. The share of Bangladesh’s exports to the USA, the largest importer of LLGs, is substantially lower than that of its competitors. While China, India, and Vietnam export 24%, 19%, and 41%, respectively, of their export sales of finished leather articles to the USA, the corresponding figure for Bangladesh is only 7%.Although some Bangladeshi leather articles and finished products are also of good quality, for these products there exists a substantial scope of overall quality improvement, which will help us to grab more market share and sell at higher prices.
visit : www.aristaexport.com

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