Bangladesh Leather Industry Slump Continues

Due to environmental pollution caused by hide processing, lack of product variety and the relocation of tanneries to the not-yet-functional Savar Tannery Complex, Bangladesh’s leather industry has been struggling to attract new investment.

Exports of leather and leather products slumped significantly in FY2018-19 (July–May) compared to the previous fiscal year. According to the Export Promotion Bureau (EPB), the sector has registered a negative growth rate of 5.53% by fetching £750.66m in FY2018-19 (July-May). This figure was £794.59m during the same period of FY2017-18.