Leather products outperform sheet exports

28 May '10

2 min read

For the first-time in the history of Bangladesh's textile segment, leather products and footwear sub-section has outperformed the export performance of finished leather sheets.

This announcement was made recently, during the sixth annual general meeting (AGM) of Leather-goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB), which was organized at hotel, Lake Shore in Gulshan.

During the fiscal 2008-09, overseas sales of footwear touched US $186.93 million and that of leather goods reached $16.89 million, which summed up to $203.82 million (Tk 14.27 billion). Thus, there was a 14.59 percent hike as compared to the exports registered during the fiscal 2007-08. Target set for the year 2009-10 is $246.28 million.

Leather products and footwear sub-section accounts for 80 percent of the value-added products of the country and provides a sizeable contribution in converting raw leather in to domestic use goods such as purses, jackets and the like. Owing to this, government continues to provide policy support to this modern sub-section and has declared the sub-section as the key driving force of the country's economy.

The AGM was also made aware that, the sub-section had diversified in the international market, both commodity and market wise, quite successfully. For instance, in Japan modern leather goods from Bangladesh have been able to enter quite successfully. This has resulted into, smooth and successful entry of traditional exports of RMG and knitwear products, which have also expanded in the Japanese market.

Fibre2Fashion News Desk - India

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