World Footwear

Imports

Japan Retail: footwear trade is not expected to improve until the end of the year

Premium ContentNov 14, 2023 / Japan
Despite some positive news on the growth of department store sales and the return of foreign tourists, rising consumer prices set alarm bells ringing in September, suggesting that Japanese consumers in general are cutting back on spending and may be at their breaking point. In addition, the reduction in the volume of footwear imports and the impact of the country’s monetary policy on the cost of imported goods is another sign that footwear retail is unlikely to improve by the end of the year. The Government has been taking measures, but the outcome shouldn’t be seen until 2024

US Retail: footwear prospects until the end of the year are at a standstill

Premium ContentNov 12, 2023 / United States
Despite signs of a certain resilience from consumers over the summer, companies are taking a cautious approach for the rest of 2023. The long deceleration in footwear inflation came to a halt in August, so if the trend recedes, wage increases will have to follow suit, or the positive outlook for footwear retail could be jeopardised. It’s not surprising how carefully retailers are managing their inventory at the moment: neither too much nor too little

10 countries were responsible for 88% of total footwear production

Premium ContentNov 6, 2023 / World Footwear Yearbook
In 2022, global footwear production reached 23.9 billion pairs, increasing by 7.6% compared to the previous year. A group of 10 countries accounted for 88% of all footwear produce in the world

Germany Retail: retailers’ troubles are far from over

Premium ContentOct 20, 2023 / World Footwear Reports
Confidence indicators are a red flag for retail at the moment, especially on the retailers’ side. The slow decline in inflation is likely to have a negative impact on consumer prices in the clothing and footwear segment, which will undoubtedly continue to limit consumers’ purchasing power; even the fall in import prices is not entirely positive news, as it will take time to translate into reality. Only the online channel seems to be more optimistic about the times ahead

Group of 10 countries accounts for 90% of global footwear exports

Premium ContentOct 17, 2023 / World Footwear Yearbook
Footwear exports recorded a notable increase of 9% in 2022, reaching a total of 15.2 billion pairs. The 10 main exporting countries represented almost 90% of the worldwide total

Spain Retail: the future of footwear retail is clouded for the rest of the year

Premium ContentOct 10, 2023 / World Footwear Reports
It’s not all bad news. The downward trend recorded by the TCF deflated retail sales index from April onwards remains above last year’s figures, and consumer confidence is about to reach a positive threshold. However, consumer footwear prices show yet no signs of slowing down, and, above all, imports in the category seem to be declining. These two factors could in fact be a warning of a further deterioration in footwear demand in Spain by the end of the year

Peru: leather and footwear production has not yet reached pre-pandemic levels

Oct 6, 2023 / Peru
In 2020, the Peruvian leather and footwear production fell by around 30% and, despite some recovery in the following years, has not yet reached pre-pandemic levels

Rising imports worry the Brazilian footwear industry

Sep 25, 2023 / Brazil
In August, Brazilian footwear imports grew by 62% in volume and 42% in value, on a comparable basis to the same month of 2022. Asia already accounts for 85% of the total, says Abicalçados

Colombian footwear industry slows down in 2023

Sep 20, 2023 / Colombia
After growing substantially in 2022, the Colombian footwear industry slowed down in 2023 due to the impact of high inflation, rising costs and low consumption, says ACICAM’s Vice President

US: footwear prices fall while overall inflation rises

Sep 20, 2023 / United States
Data from the Footwear Distributors and Retailers of America (FDRA) for the month of August shows that footwear prices continue to drop despite accelerating inflation

Venezuelan footwear industry calls for a financing plan

Premium ContentSep 18, 2023 / Venezuela
Following the 25th edition of the Latin American Footwear Forum, we spoke with the President of the Venezuelan Chamber of Footwear and Components (Cavecal), Tony di Benedetto, about the challenges and expectations of the country’s footwear industry

Mexican footwear industry on an upward trajectory

Sep 15, 2023 / Mexico
The Chamber of the Footwear Industry of the State of Guanajuato (CICEG) estimates that by the end of 2023 footwear production should be just 5% below that of 2019, before the onset of the COVID-19 pandemic

Vietnam secures the 2nd position amongst leather footwear exporters

Premium ContentSep 12, 2023 / World Footwear Yearbook
In 2022, the Asian country exported 387 million pairs of leather shoes, with a total value of 9.6 billion US dollars, overtaking Italy in the second position

Asia recorded the highest increase in footwear imports in 2022

Premium ContentSep 5, 2023 / World Footwear Yearbook
Footwear imports by the Asian continent increased by 23.9% last year, raising its share of the global total to 26.7%. Asia is now the second most import destination for footwear

Is footwear re-shoring a myth?

Premium ContentAug 29, 2023 / World Footwear Yearbook
With the geographical distribution of footwear production remaining relatively unchanged over the past decade, is re-shoring a myth or can we find its evidence in the numbers?
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