Bangladesh’s Leather & Footwear industry – exports have surpassed $1 billion, showcasing significant growth and global competitiveness!
But while this achievement is commendable, the journey is not without challenges.
- Crust and Finished Leather exports remain 9% lower than last year, struggling to regain momentum.
- Leather Products have also seen a dip, with both monthly and yearly exports lagging behind 2024’s numbers.
- On the positive side, Footwear continues to drive the industry forward, with non-leather footwear emerging as a strong and consistent performer, creating healthy competition for the traditional leather footwear segment.
The rise of non-leather footwear presents both a challenge and an opportunity. As global demand for affordable, sustainable, and synthetic alternatives grows, Bangladesh is poised to cater to a wider range of customers, balancing quality and price across both segments of it.
This type of achievement underscores the potential of Bangladesh’s leather and footwear industry, which remains adaptable and innovative despite the hurdles. With a focus on sectors sustainability, diversification & running technological advancements, the future looks promising.
Source:
Export Promotion Bureau, Bangladesh
Export performance for Leather & Footwear 2024-25 July-February (provisional)