Bangladesh Leather, footwear and allied sector steadily coming back track. According to recent report of Export Promotion Bureau total export for the sector is 228.69M US$ which is still -6% negative compare last year 1st four months but a promising +6% compare to strategic target of Jul-Oct 2020. Thanks to Footwear (both leather footwear and others footwear) to have this growth compare to strategic target. Leather and leather product are still struggling to recover.
Unfortunately, at the end of the year when sector seems recovering very slowly, a second wave of corona virus already hit to Europe with a lot of retail stores closing, some countries started prevention with lock downs and curfews. Retailers already started to look or rearrange their assortment. Means order cancellation, postponing delivery, reduce plan is coming to the sector.