Reasons of Bangladesh leather goods higher prices

95% cost is associated with accessories like labor, transportation, branding, administrative and managerial works and running establishments combined with that of bank interest rates and stock lots are high.

Abu Eusuf, a Professor of economics in the Department of Development Studies of the University of Dhaka said a Daily Newspaper, “Though the price of leather is very nominal in the full production and marketing cycle of leather. The bank interest rates and the cost of availing finance, accessories, marketing, establishments, showrooms, labor and others are very high, triggering prices of leather shoes to go very high.”