Thanks to declining demand in the European market, leather footwear shipments from Bangladesh fell 4.28 per cent year-on-year in July-May of the ongoing financial year.
Reports maintained this citing official figures from the country’s Export Promotion Bureau (EPB), as per which, during the 11-month period, Bangladesh exported leather footwear worth US $ 644 million, which stood at US $ 756 million in July-May of 2021-22.
Meanwhile, the export of leather also reportedly declined 18.11 per cent to US $ 114.59 million.
However, on the other hand, shipment of leather products increased 19.43 per cent to US $ 361.47 million compared to US $ 337.62 million during the identical 11-month period of FY ’22.
Meanwhile, speaking to the media, Chief Financial Officer of Apex Footwear Limited, a big name in the realm of leather footwear, Dilip Kajuri reportedly underlined even though Apex’s business had started to recover from the adverse impacts of COVID-19 pandemic, the ongoing Russia-Ukraine war has negatively impacted the recovery process even as he underlined the European economy, in particular, has received a huge blow from the global energy crisis on account of the war even as orders continued to fall.