>>
Home / Knowledge / News / Textiles / Leather exports likely to dip in current fiscal

Leather exports likely to dip in current fiscal

23
Dec '08
Experts from the leather industry estimate that current fiscal will witness a drop of nearly 25 percent in its export figures of leather products. This situation can be attributed to low demand in the international market.

Now for leather being one of the most important export items of the country, earning huge amount of foreign currency, present situation has become a matter of concern for the industry.

There is a huge stock of finished leather lying unsold, on the back of declining international market prices. Each year, Bangladesh accumulates plenty of rawhide, after the celebration of the Muslim religious festival of Eid-ul-Azha. This year, more than 2.9 million cowhide and 4.5 million goat skin has been collected.

What makes the scenario so fearful is that the prices of finished leather goods are likely to slip up to 40 percent this financial year and such a drop will directly hit the 195 tanneries in the country.

In this regard, Mr Alhaj Rezaul Karim Ansari, Chairman, Bangladesh Finished Leather, Leather Goods and Footwear Exporters Association, (BFLLFEA) told Fibre2fashion.com, “Owing to the continued global financial crisis, demand for finished leather and leather goods has dropped in international markets in the last three months. This will ultimately affect our leather exports.”

Available statistics show that price of per square foot of finished leather which was $4.70 per square foot in last fiscal, has gone down to $4.20 in the past two months because of the global financial crisis.

The overall market size of the leather industry is nearly Tk35000 million a year, with export figures standing at $284 million in 2007-08.

”Further drop in leather exports is likely this year, influenced by slumping demand in international markets. Our prediction is that global economic crisis will reduce consumption and eventually prices,” stressed Mr Ansari.

While discussing what the Bangladeshi Government should do to improve the present condition, BFLLFEA Chairman stated, “At present there is no provision of cash incentives on exports of leather. We requested our Governments to provide cash incentives on exports of leather to safeguard the industry along with the request to reduce interest of bank loan.”

“However we have to look far and wide for potential buyers who will offer high prices for our leather. This has created insecurity over reaching export targets set for the year,” said Mr Ansari on a concluding note.

Fibre2fashion News Desk - India


Must ReadView All

Pic: U.S. Senator Kirsten Gillibrand

Textiles | On 17th May 2022

FABRIC Act introduced in US Senate, to protect 100,000 garment workers

Senator Kirsten Gillibrand recently announced the introduction of her ...

Pic: Shutterstock

Textiles | On 17th May 2022

US-EU TTC finalises economic, tech policies, initiatives at Paris meet

The US-EU Trade and Technology Council, in its second ministerial...

Pic: Shutterstock

Textiles | On 17th May 2022

Global fiscal recovery to slow in 2022 & 2023: Fitch Ratings

Global fiscal recovery in 2021 that followed the COVID-19 shock of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Ahmet Gecikli,

Ahmet Gecikli

Ser Mekatronik, founded in 2008, is specialised for providing mechanical...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sarah & Sandeep Gonsalves, Label - Sarah & Sandeep

Sarah & Sandeep Gonsalves
Label - Sarah & Sandeep

Sarah & Sandeep is a luxury designer label synonymous with a...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Prakruti Gupta Rao & Navin Rao, Brand - The Kaftan Company

Prakruti Gupta Rao & Navin Rao
Brand - The Kaftan Company

The Kaftan Company (TKC) is India’s most recognised brand for kaftans,...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

FULGAR SpA
COTTON COUNCIL INTERNATIONAL
Grasim Industries Limited
G-Star Raw C.V.
The LYCRA Company Singapore  Pte. Ltd
Brandix Lanka Limited
Comasia Limited
IDH – The Sustainable Trade Initiative
Recron Polyester from Reliance Industries Limited
Datacolor AG Europe
NITI Aayog
Shima Seiki Mfg. Ltd.
Target Corporation (MN)
Savio Macchine Tessili S.P.A.
Asos
Chori Company Limited
Boardriders Asia Sourcing Limited
NV Michel Van de Wiele
VNU Exhibitions Asia
Lisa S.P.A.
Dow Silicones Corporation
Coats Digital Limited
Esprit Europe Services GmbH
Vardhman Textile Ltd
ZAITEX spa
International Sourcing Expo Australia
G.A.S. unternehmenskommunikation gmbh
Meera Dyestuff Industries
Maceton Limited
Lenzing Aktiengesellschaft
Groz-Beckert KG
Rieter India Private Limited
Itema Weaving (India) Private Limited
Under Armour Global Sourcing Ltd
GHCL LIMITED
Alix Partners
Gatsby Africa
Mayer & Cie. GmbH & Co. KG
Phong Phu international JSC (PPJ)
OVS Hong Kong Sourcing Ltd.
Nihalani Events Management
Splash
Truetzschler India Private Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
SHAHI Exports Pvt Ltd
ITMA Services Pte Ltd
UBM China (Shanghai)
Restoque S.A.
EUROVET ASIA LTD
Lenzing Aktiengesellschaft - India
DuPont de Nemours, Inc.,
Jiangsu Yingyang Nonwoven Machinery Company Limited
Woolmark Services India Pvt. Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Tory Burch Hong Kong Ltd
H. Stoll AG & Company KG
Loris Bellini S.r.l.
Desigual - ABASIC, S.A.
KIABI
Calvin Klein
Lifestyle
Karl Mayer Textilmaschinenfabrik GmbH
Puma
Hirdaramani International Export Private Limited
Copenhagen Fashion Summit
JES MEDIA, INC
Permoda(Koaj/Armi/Pronto/Bkul)
John Varvatos
Seasalt Limited
T.T. Limited
Landmark Group
Decathlon
Zydex Industries
Newtech Textile Technology Development (Shanghai) Company Limited
FESPA (Reigate)
Thai Trade Center
BTC Textiles LLC
Midas Clothing Limited
J ;& P Coats
Saurer Textile Solutions Pvt. Ltd.
Centric Software
Weitmann & Konrad GmbH & Co. KG
Nandan Denim Limited
MAS Active / MAS Kreeda / MAS Bodyline
Equinox Impex India
Indo Tex
Lectra Technologies India Pvt Ltd.
BRINKMANN GMBH
Eurofins BLC Leather Technology Centre Ltd
Reiter India Private Limited
KAS Direct Sourcing
Thermore (Far East) Ltd.
Abit
LC Waikiki
Eastman Chemical Company
Shanghai  Aige Exhibition Service Co., Ltd
Messe Duesseldorf
IIGM Private Limited
Guess Europe Sagl,
Lacoste (Wanchai)
Babyshop
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
IKEA of Sweden AB
EPCH
Lottmann Communications
China World International Exhibition Company Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
USTER
Palexpo SA
Groz-Beckert East Asia LLP
Cat Tuong Real Estate Group Joint Stock Company
Gloria Jeans
Chico’ FAS
X-Rite Asia Pacific Limited (HK)
N9 World Technologies Private Limited
Sainsbury's Argos Asia Limited
Alison Hayes Romania
Indofil Industries Limited - Specialty & Performance Chemicals Division
Helly Hansen Far East Ltd
Rosset ;& Cia Limited
IFF Media Ag - International Media Services
Zünd Systemtechnik AG
Taiwan Textile Federation (TTF)
The LYCRA Company Singapore  Pte. Ltd
Istanbul Fuarcilik A.S.
Color Service s.r.l.
DyStar India Pvt. Ltd
International Textile Manufacturers Federation
TÜYAP IHTISAS FUARLARI A.S.
Huntsman (Singapore) Pte Ltd
SYNERGIES HONG KONG LIMITED
K AND D ITMACH EXPOSITIONS LLP
Bluestem Global Sourcing Limited
Kornit Digital Asia Pacific Ltd
Sportswear Company Spa
BIANCA
Applied DNA Sciences Inc
TESTEX AG, Swiss Textile Testing Institute
Aramark Uniform ;& Career Apparel, LLC
Jindal Worldwide Limited
Haelixa AG
Gap International Sourcing Limited
Vianney Textil Hogar S.A. De C.V.
The Top Form Brassiere Manufacturing Company Limited
Tchibo GmbH
Tommy Hilfiger
Inter Expo Center Ltd.
Colours India Inc
Mesdan SPA
Infor (Hong Kong) Limited
Brückner Trockentechnik GmbH & Co. KG
Kern – Liebers Textile
Pt. Peraga Nusantara Jaya Sakti
Marzoli Machines Textile s.r.l.
Gokaldas Exports Limited
Aleph Srl
Etam Group Strategy Hong Kong Limited
Performance Days
Varner AS Retail
EMBEE CORPORATION
H;&M Hennes ;& Mauritz (Far East) Ltd
Arvind Limited
Tuyap Tum Fuarcilik Yapim A.S.
C;&A Sourcing International Ltd
Datatex Consulting Srl
Sateri (Jiujiang) Fiber Co.,Ltd
CGS Inc.
Rayonese Textile Inc., Division de Culp Inc.
Green Fibre
Recron Polyester from Reliance Industries Limited
CSGIA(China Screen Printing & Graphic Imaging Association)
BIMBA ;& LOLA SL
Sportmaster Ltd.
Aquarelle Clothing Limited
Page Industries Limited (Bangalore)
Tradewind International Servicing
Italian Trade Commission
Flainox S.r.l.
TEXVALLEY MARKET LIMITED
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
BTSR International S.P.A.
TESCO INTERNATIONAL SOURCING LIMITED
Lululemon Athletica Inc
Xtema - Thomas Lebherz Textilmaschinen
Hela Clothing Pvt Ltd
Officina Meccanica Dora Enrico Srl
Benetton Group
Amazon China
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
APLF Limited
Stahl Holdings B.V.,
Messe Frankfurt Exhibition GmbH
GERBER TECHNOLOGY LTD.
PVH Corporation
GIOVANNI BOZZETTO S.p.A.
Thai Acrylic Fibre Company Limited
Walmart
Bluesign Technologies Ag

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search