Ethiopia: Manufacturers Of Shoes And Leather Products Will Increase

More investors will invest in facilities and factory expansion in the next few years.

The number of manufacturers of shoes and leather products will increase, whether in political or economic environment.

If you want to go with other parts of the world

Ethiopia investors should pay attention to

Training.

"Ethiopia is rich in cheap labor resources.

Our compatriots are hardworking, honest, courteous and friendly.

But they need training.

The government and enterprises can do this.

Assefa said,

If we have higher skilled workers, we can create value.

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Bangladesh media reported that due to the continued weakness of the euro and other major currencies against the US dollar, the export of leather has been in a predicament in the current fiscal year.

In the last fiscal year, the leather industry of Bangladesh entered the export Club of 100 million yuan (US dollars), and the total export of leather, shoes and other leather products totaled US $1 billion 124 million, of which leather exports amounted to US $505 million and footwear products exported to US $378 million.

In view of the good export performance of leather industry in the last fiscal year, the government set a target of export of US $1 billion 400 million in the current fiscal year.

However, data from Bangladesh's Export Bureau showed that the overall export of leather industry fell by 1.14% in the first 9 months of this fiscal year (March May 2014 -2015).

Leather shoes exports increased by 20%-25%, but leather and leather goods exports fell by 20.26% to $304 million.

According to industry estimates, because of the poor performance of leather raw materials exports, the export target of $1 billion 400 million is hard to achieve.

The Bangladesh Tanner Association says the country's total export of leather is about 200 million square feet a year, in sum, 500 million dollars.

Md Shaheen Ahmed, chairman of the Bangladesh Tanner Association, said: "the decline in leather exports is mainly due to the decline in the euro, yen and RMB exchange rate against the US dollar."

He said the decline in the euro has affected Bangladesh's overall exports.

Md Delowar Hossain, former Secretary General of the Bangladesh fur traders Association, is a leather exporter. He said the export price of high quality split leather is between $2.7 and $2.8 per square foot, compared with $3.1 last year.

He explained that because of the decline in global raw leather prices, many exporters began to hoard leather, with a view to changing in the coming months.

He said local demand for leather is on the rise because of the growing demand for shoes in Bangladesh.