Manufacturing is expanding. The PMI index at 53.7 exceeded the PMI of ASEAN countries (52.7). Manufacturing exports account for 76.49% of the total. Footwear recorded the highest growth (+33.42%), in pairs, from 793.8 million to 1.05 billion. They drive foreign companies, which absorb most of the labor. PT Shoes Bata Tbk (BATA)plans for 2022: a mixture of local market and exports.
The Leather and Hide Council of America has shared data for leather exports in 2021. Cow hides values rebounded in 2021, after falling to their lowest levels in May 2020. The COVID-19 impact has decreased, but the leather industry continues to deal with weaker demand, the escalation of replacement products and logistical problems. Slaughter declining in 2022. LHCA Defends the image of leather: “Real Leather. Stay Different”.
A top footwear manufacturer is setting up a shoe industrial park, the first of its kind in Bangladesh, to supply import substitute raw materials and accessories to producers, boost exports and attract foreign investment. [First industrial park for shoes shaping up – The Daily Star]. The industrial zone sits on 35 acres of land that could house 24 factories.
Pakistan's exports to China increased by 69% to $3.6 billion in 2021. Conversely, imports from Beijing rose 57.8% to $24.23 billion. Exports of leather products from Pakistan to China increased by 9.41% in the first half of 2021-22 on an annual basis. [Exports to China surge 69pc to $3.6bn in 2021 – DAWN]
Driven by a wind of recovery, writes Les Echos, the “cuir” sector saw its exports grow by 24% last year and by 9% compared to 2019. Many challenges will have to be faced, including training and recruitment. 2021 marked a clear recovery, particularly in exports. These have increased by 24% compared to 2020, a year strongly marked by the Covid-19 pandemic. And they are also up 9% compared to 2019.
Brazil exported sqm. 172.3M leather, for $1.41B, in 2021. Compared to the previous year, the increases are 0.5% in volume and 44.9% in revenues. The data come from the Secretariat for Foreign Trade of the Ministry of Economy (Source: Exclusivo.com) and are presented in the document Exportações Brasileiras de Couros e Peles, by CICB - Centro das Indústrias de Curtumes do Brasil.
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