World Footwear


Footwear retail prices expected to increase

Footwear retail prices expected to increase
In the latest edition of the World Footwear Business Conditions Survey, panel members revealed their expectations regarding future increases in footwear retail prices. A sentiment influenced by the high inflation recently experienced

Expectations for the evolution of footwear retail prices are largely optimistic, with 46.6% of experts anticipating a strong increase (between 5% and 20%) or a very strong increase (more than 20%).

Additionally, 29.7% foresee prices rising moderately between 1.5% and 5%) over the next six months. 

A minimal 4.2% of respondents expect prices to fall, and that too, only moderately, while 19.5% expect prices to stabilize. 

These projections are influenced by the impact of high, albeit decreasing, inflation experienced in the last semester

This sentiment is consistent among respondents across various lines of business and organizations of different sizes. However, it's worth noting that higher inflation rates are expected in Africa and South America compared to other regions.

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Executive Summary
Business Context
Health of the Business
Employment Level
Retail Channels
Expectations about the Evolution of Footwear Consumption in 2024
Footwear Consumption to Increase 9.5% in 2024
Impact of COVID-19 on the Location of Footwear Production
About Survey

About the Survey

In 2019 the World Footwear has created the World Footwear Experts 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 disseminate this information to provide an accurate overview of the situation of the global footwear industry.

The ninth edition of this online survey was conducted during the month of November 2023. 

We have obtained 118 valid answers, 41% from Asia, 32% from Africa, 18% from Europe, 6% from North America and 4% South America. About 40% of respondents are involved in footwear manufacturing (manufacturers) or footwear trade and distribution (traders) and the other 60% in other footwear-related activities, including education and research (14%), trade associations (12%), consultancy (9%) and other activities (25%).

Previous Editions of this Bulletin can be found HERE