Bangladesh leather exports decline amid challenges

14/02/2025
Bangladesh's leather exports declined by 11.65% year-on-year in the first half of the current fiscal year, according to the Export Promotion Bureau (EPB). Revenue fell to US$62.48 million from US$70.72 million in the same period last year.

Local media reported that a tannery firm in BSCIC Leather Industrial City, Hemayetpur, Savar, earned approximately US$3.61 million from leather exports in the first six months of the previous fiscal year. However, its revenue fell by 48% to US$1.88 million during the same period this fiscal year.

The leather industry, a key export sector for Bangladesh, faces stiff global competition. Stakeholders have urged more support to enhance product quality, diversify offerings, and improve environmental compliance.