Scope for Bangladesh leather sector in Europe: Messe Frankfurt
today Apr 27, 2018
As China is losing its European market share in leather and leather products due to increasing wages and rising domestic demand, a new avenue of opportunity awaits there for Bangladesh, Michael Scherpe, president of Messe Frankfurt France, told reporters in Dhaka recently.
China is still one of the largest leather and leather goods suppliers to Europe.
Briefing the media about a four-day exposition focused on the leather sector, Leatherworld, beginning on September 17 this year in Paris, Scherpe said Bangladeshi leather and footwear exporters can explore the European markets by participating in the fair.
Raw materials are a promising category and there is a lot to do in Europe, he said. Asia is exporting only 3 percent of the raw materials needed by Europe, while a number of European countries account for 33 per cent.
The shortage of leather is affecting all tiers of the supply chain and pushing up the price of leather. Manufacturing costs are also rising, forcing European buyers to look for low-cost suppliers, he added.
Messe Frankfurt Bangladesh CEO Omer Salahuddin said around 10 local leather and leather goods exporters may participate in the Paris expo.
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