Bangladesh'S Leather Industry Is Hard Pressed To Complete Its Annual Export Task, Thanks To The Depreciation Of The Euro.

Bangladesh media reported that due to the continued weakness of the euro and other major currencies against the US dollar, the export of leather has been in a predicament in the current fiscal year. The country has set a certain export task for itself, but with the emergence of force majeure, the world clothing and shoe net suggests that export tasks can be adjusted at any time.

　　 Leather industry in Bangladesh In the last fiscal year, the total export of leather, shoes and other leather products totaled 1 billion 124 million US dollars, including 505 million yuan for leather exports and 378 million US dollars for footwear products.

In view of the good export performance of leather industry in the last fiscal year, the government set a target of export of US $1 billion 400 million in the current fiscal year. However, data from Bangladesh's Export Bureau showed that the overall export of leather industry fell by 1.14% in the first 9 months of this fiscal year (March May 2014 -2015). Leather shoes exports increased by 20%-25%, but leather and leather goods exports fell by 20.26% to $304 million.

According to industry estimates, Leather raw materials Export performance is poor, and the export target of $1 billion 400 million is hard to come true. The Bangladesh Tanner Association says the country's total export of leather is about 200 million square feet a year, in sum, 500 million dollars.

Md Shaheen Ahmed, chairman of the Bangladesh Tanner Association, said: "the decline in leather exports is mainly due to the decline in the euro, yen and RMB exchange rate against the US dollar." He said the decline in the euro has affected Bangladesh's overall exports.

Md Delowar Hossain, former Secretary General of the former Bangladesh fur Merchants Association, is one. Leather exporter He said that the export price of high quality split leather is between $2.7 and $2.8 per square foot, compared with $3.1 last year.

He explained that because of the decline in global raw leather prices, many exporters began to hoard leather, with a view to changing in the coming months. The leather of their country is very hot, they still have a hundred times information.