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About Leathertech Bangaldesh 2019

There is enormous potential for future growth (domestic as well as export) and target is to reach USD 5 billion annual export by next few years. It is the 2nd highest contributor to national exports after apparel. In fiscal 2017-18, according to data from the EPB, export of leather, leather goods, and footwear were USD 1.08 billion. According to LFMEAB, the domestic demand of leather footwear and goods was worth about Tk 16,000 crore but 40 percent of the demands are met by importing goods from abroad.

Currently, 220 tanneries, 2500 footwear manufacturing units and 90 large firms are involved in the leather and leather goods sector. This sector is contributing 4% to the country's total export earnings by exporting items to more than 50 countries. The exports would increase manifolds if the leather and leather goods sector meet the compliance standards and takes initiatives to promote their products in the international market.

At present, Bangladesh has 165 footwear and leather factories, in addition, the country has 161 tanneries that process raw hides into finished leather. Investment in leather goods and footwear has been rising significantly. Bangladeshi entrepreneurs are investing in compliant factories to produce high-quality footwear that will eventually reduce the dependence on the import of leather goods.

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