Cheap prices of rawhide do not necessarily mean leather goods

Bangladesh is one of the biggest producers of raw leather in the world. At the same time country’s leather sector is tremendously promising with the second-highest export earner after readymade garments (RMG). But prices of locally produced leather goods – such as footwear and bags – prices are abnormally high in the domestic markets.

Bangladesh Trade and Tariff Commission (BTTC) says cheap prices of rawhide does not necessarily mean the leather goods such as footwear, belts and bags are expected to be very low as leather price only holds 5% of production cost.