Home / LEAD NEWS / Shoe shine in export: The shoe industry of Bangladesh turned around in one year

Shoe shine in export: The shoe industry of Bangladesh turned around in one year

Shoe shine in export: The shoe industry of Bangladesh turned around in one year
File Photo

Leather and Non-leather — these two types of shoes are mainly made in the country. Some meet local demand, some are exports. After falling into the clutches of COVID in the 2019-20 financial year, it is turning around after one year. Shoes worth 92 crore US Dollar were exported in the outgoing 2020-21 fiscal year during the entire COVID period.

The Export Promotion Bureau’s (EPB) five-year figures show that in the 2016-17 financial year, 78 crore worth of leather goods and non-leather shoes were exported. The next time it was 81 crore dollar and the next time it was 88 crore dollars, but in the 2019-20 fiscal year it came down to 76 crore dollar in one fell swoop. According to the central bank, leather shoes account for about 75 per cent of the annual exports. The rest is synthetic and other products.

According to the Leather goods and footwear manufacturers and exporters Association of Bangladesh (LFMEAB), China accounts for 55% of the world’s shoe market. India and Vietnam also have a good position. Bangladesh ranks 18th in the world shoe market. However, Bangladesh’s contribution to this sector in the world market is only 1.6 percent.

According to EPB, shoes are being exported from Bangladesh to about 90 countries including Canada, Switzerland, Algeria, UAE, Argentina, Australia, Belgium, Brazil, Ecuador, Sri Lanka, Myanmar, Maldives, Mexico, Malaysia, Netherlands, Pakistan and Singapore.

Talking to exporters, it is known that the total export growth of the countries is at least five times possible. Bangladesh has to prepare for this. The good news is that many leather shoe factories have been set up in Savar. However, there are still many problems, including the development of central waste management and waste treatment plants.

Mr. Ziaur Rahman, managing director of Bay, a footwear exporter, said there was a spark in Bangladesh’s exports. Because, some purchase orders have come to Bangladesh from China. In addition, some purchases came to Vietnam and Indonesia due to the closure of the ‘Lockdown’ port. Some new buyers have also come to Bangladesh. They will also order in the future. Meanwhile, demand is rising in the United States. All in all, the purchase order is expected to increase in the coming days.

Mr. Ziaur Rahman added, “The big problem now is that it takes more time to export. We do not have a deep seaport. ‘Mother Vessel’ does not come for this. The new crisis is that containers are no longer available. ‘

Source: Online/SZK

Leave a Reply

Your email address will not be published. Required fields are marked *