World Footwear


Average footwear prices expected to increase

Average footwear prices expected to increase
In the latest edition of the World Footwear Business Conditions Survey, our panel members predicted an increase of 7.3% in footwear prices over the next six months. Get free access to the report with the main conclusions
The latest statistics on international trade in 2022 indicate a positive trend in global footwear imports during the second half of the year. Despite the uncertain evolution of the global macroeconomic scenario, the economic growth forecasts are optimistic.

According to our panel members, footwear prices are expected to increase by an average of 7.3% and the quantity of footwear sold by 3% in the next six months. Most of our respondents anticipate robust business health during this period, with no significant changes expected in the employment level.

In this edition of the Bulletin, the cost of merchandise or raw materials is still the main concern for footwear businesses, but a lower percentage of respondents raised this issue compared to the previous edition (59% vs. 81%). Other concerns include weak demand and financial difficulties.

Regarding the forecast for footwear consumption in 2023, our panel members predict an average increase of 7.8% in global consumption. If this forecast is accurate, footwear consumption will increase by approximately 1.6 billion pairs worldwide.

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Executive Summary
Business Context
Health of the Business
Employment Level
Retail Channels
Global Footwear Consumption to Increase by 7.8%
Online Business Marketing Tools gain Importance after Covid-19
About Survey

About the Survey
In 2019 the World Footwear has created the World Footwear' expert panel and is now conducting a Business Conditions Survey every semester.

The objective of the World Footwear Experts Panel Survey is to collect information regarding the current business conditions within the worldwide footwear markets and then to redistribute such information in a way it will provide an accurate overview of the situation of the global footwear industry.

The eighth edition of this online survey was conducted during the month of April 2023.

We have obtained 130 valid answers, 42% coming from Asia, 38% from Europe, 9% from North America and 6% from South America, and the remainder 5% from Africa. About 22% of the respondents are involved in footwear manufacturing (manufacturers), 13% in footwear trade and distribution (traders), and 65% in other footwear-related activities such as trade associations, consultancy, journalism, etc. (others).

Previous Editions of this Bulletin can be found HERE