Business

Leathertech Bangladesh expo to kick off Wednesday


Published : 05 Dec 2022 07:32 PM

The 8th edition of LEATHERTECH Bangladesh 2022 will begin in Dhaka from December 7 at Expo Zone ICCB, Dhaka.

Commerce Minister Tipu Munshi will formally inaugurate the expo. 

ASK Trade & Exhibitions Pvt Ltd is organising 8th edition of LEATHERTECH Bangladesh 2022 , a popular Trade Show on Machinery, Components, Chemicals & Accessories for LEATHER, FOOTWEAR AND LEATHER PRODUCTS  sector of Bangladesh. The three day expo will run from December 7 and 9, 2022 at Expo Zone, International Convention City, Bashundhara, Dhaka. 

Nearly 200 exhibitors from 10 countries with Council for Leather Exports (CLE) & Indian Footwear Components Manufacturers Association (IFCOMA) pavilion from India, will be participating in the event 

In the changed post COVID-19 business landscape, the global market for Leather Goods was estimated at US$240.8 Billion in the year 2020, and is projected to reach a revised size of US$318.2 Billion by 2027, growing at a CAGR of 4.1%.. Footwear is projected to record a 4.8% CAGR and reach US$116.1 Billion by the end 2027. 

The commerce ministry is drawing up a ten-year perspective plan, which includes a target to increase the leather sector's export earnings from below $1 billion to $10-12 billion by 2030.The government is eyeing an ambitious tenfold growth in its export earnings from leather and leather goods in the next nine years.

However, in fiscal 2020-21, exports increased by about 18%. The export grew by about 30% in the first seven months of the current fiscal year.