The leather footwear industry in Bangladesh saw its export earnings fall to a five-year low in the first quarter of the current fiscal year due to a decline in export orders from the Eurozone because of the ongoing economic crisis.
The leather footwear industry shipped goods worth $210.96 million in the corresponding period of last year. Even during the Covid-19-affected period between July and September of FY 2020-21, $148.36 million worth of export shipments were made.
One major manufacturer’s exports fell by 58 percent in September and 37 percent in August compared to the same months last year.