Jul-Nov 2020 export report of Leather, leather product and allied sector of Bangladesh

According to export promotion bureau report for Bangladesh Leather, footwear and allied sector Jul-Nov 2020 export; leather, leather product and leather footwear slowly minimizing gap with strategic target that set for the sector. Leather export is slightly over that target for November but still 22% negative growth compare to last year. Leather product still struggling and 16.02% negative growth. Leather footwear minimizing gap with target but still 1.44% negative compare to last year. Overall leather and leather product are still 8.32% negative growth compare to last year. Though the performance of other footwear was not good in Nov but still this is only segment that keep 13.51% growth compare to last financial period.

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.