The performance of Bangladesh’s leather sector is being shaped more by developments in international markets than by conditions at home, according to Fisheries, Livestock and Agriculture Minister Amin Ur Rashid.
Speaking after a civic discussion in Cumilla on Saturday, the minister said fluctuations in leather prices are closely linked to broader global economic trends, reflecting the export-orientated nature of one of Bangladesh’s key manufacturing industries.
He argued that weakening purchasing power in several overseas markets has altered consumer behaviour, with many buyers increasingly opting for lower-cost synthetic products instead of traditional leather goods. That shift, he said, has contributed to softer demand across the global leather supply chain and placed downward pressure on raw material prices.
“Today’s economy is interconnected,” the minister told reporters, noting that economic challenges in one region can quickly influence markets elsewhere. As a significant share of Bangladesh’s processed leather and leather products is sold abroad, international demand remains a decisive factor in determining prices received by domestic producers and traders.
Industry observers have long pointed to Bangladesh’s dependence on export markets as a source of both opportunity and vulnerability. While overseas demand has helped the sector expand over the years, global economic uncertainty, changing consumer preferences and increased competition from synthetic materials continue to create challenges for exporters.
Against that backdrop, the minister stressed the importance of strengthening Bangladesh’s position in international markets. He said expanding the country’s export reach and exploring new destinations could help reduce exposure to fluctuations in individual markets and improve the sector’s long-term resilience.
The comments came after a memorial programme marking the 45th anniversary of the death of former President Ziaur Rahman. The event, held at the District Shilpakala Academy auditorium in Cumilla, was organised by local leaders of the Bangladesh Nationalist Party (BNP).
The discussion was chaired by Rezaul Kaiyum, president of the BNP’s Cumilla Adarsha Sadar Upazila unit. Among those attending were District Council Administrator Haji Mostak Mia and Cumilla City Corporation Administrator Yousuf Molla, who also addressed the gathering before prayers were offered in remembrance of the former president.
