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Good performance for leather footwear in Bangladesh

Oct 17, 2017 Bangladesh
Good performance for leather footwear in Bangladesh
According to the local Leathergoods and Footwear Association, the leather industry as a whole closed the first quarter achieving 99% of the exports target for the period. Leather footwear surpassed its target
According to the Leathergoods & Footwear Manufacturers & Exports Association of Bangladesh, the leather industry in Bangladesh closed its first quarter of the new fiscal year (July-September), with exports earnings just slightly below the strategic target for the period (99%). It had been set a 328.11 million US dollars earnings goal for the first quarter, but the industry achieved an export earnings of 324.62 million US dollars.

Total earnings from exports of the leather segment reached 47 million US dollars in the period, which compares to 57 million US dollars established as target for the first quarter. A decline was also registered compared to similar period in the previous year.

Exports of leather goods also missed the target, as earnings from sales abroad within this segment of products reached 111 million US dollars, below the 128 set for the period.

With a different performance is the leather footwear segment, continuing with the a positive growth trend, and totaling earnings from exports of 166 million USD dollar, 17% above the target for the period (142 million US dollars).

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