World Footwear

Imports

AAFA applauds nine-month extension of tariff exemption

Jan 5, 2023 / United States
The American Apparel & Footwear Association (AAFA) praised the Biden administration's decision of extending exclusions for many of the tariffs imposed by the Trump administration on Chinese imports

Mexico: footwear imports grow five times faster than local production

Jan 3, 2023 / Mexico
According to the Chamber of the Footwear Industry of the State of Guanajuato (CICEG), 35% of the footwear worn by Mexicans is imported. This figure will most likely continue to increase

Denis Falardeau (Shoe Manufacturers Association of Canada): I am very optimistic for 2023

Premium ContentNov 17, 2022 / Canada
We spoke with Denis Falardeau, President of the Shoe Manufacturers Association of Canada, to better understand the trajectory of the Canadian footwear industry, the recent transformations in the country’s retail and why the industry is well-positioned for the future

Japan Retail: apparel and footwear retail will hardly remain safe amidst such troubling waters

Premium ContentNov 15, 2022 / Japan
The further easing of COVID-19 border control measures brought tourists back to the stores, but the anticipated consumption-led recovery is being curbed by the high wholesale inflation, as the weak yen is inflating the costs of imports. On the other end, if the yen depreciation is fostering exports, the fear of a global economic slowdown is a bearer of bad news. Both the Apparel & Accessories Retail and the Consumer Confidence indicator are currently trending down, and not to increase prices is no longer an option. As for online commerce, now that the pandemic boosting effect is over, the competitiveness between this channel and physical retail is at stake, however, it is yet soon to claim a winner

US Retail: not all news are bad for retail

Premium ContentNov 8, 2022 / United States
The available data suggests that retailers made sure to fill up their stocks this year, most likely causing supply to outstrip demand. But while demand may have slowed down, mainly due to high inflation, spending has not ceased, and retailers are expected to increase their promotions through the end of the year to dispose of marked-down excess inventory. Consumer confidence indicators are somewhat mixed, but it is safe to assume that, at least, it has stopped bleeding. In fact, the contrast with European consumers is clear, showing that US shoppers are less sensitive to the geopolitical risks concerning the ongoing war in Ukraine. Meanwhile, though slowly, footwear prices increases are starting to decelerate

Germany Retail: after a surprising summer, retail might not be able to withhold the impacts of recession

Premium ContentNov 1, 2022 / World Footwear Reports
The analysis of both TCF (Textile, Clothing, & Footwear) Retail Index and footwear imports show that German consumers chose “to enjoy the present before it is too late”. In July, retail trade was still healthy enough to accommodate the price increases caused, first, by the impact of the pandemic on the global supply, and then, by the skyrocketing of energy prices following the Ukraine crisis, not to mention the high inflation. However, given the free fall of consumers’ and retailers’ confidence observed since March, additional uncertainties are expected to arise throughout Autumn. Furthermore, despite all gains observed in the recent past, the online seems to be losing some track, and the macroeconomic environment will not be an ally during the second half of 2022

Spain Retail: footwear retail fears the end of the year on account of macroeconomic uncertainty

Premium ContentOct 28, 2022 / World Footwear Reports
Looking exclusively into the available evidence from the comparison between the monthly behaviour of footwear imports and the TCF (Textile, Clothing, & Footwear) Retail Index in Spain, as well as the TCF Retail Indicator by Eurostat, there are not yet red lights on the retail side, so far. But, as more consumers struggle to make ends meet with high inflation and increases in gas and electricity, footwear retail is expected to soon be a victim of the need to divert from non-essentials. Meanwhile, online sales appear to have stabilized, so, with the COVID-19 influence out of the picture, it is up to retailers to continue investing in this channel, where there is much yet to be done

Footwear industry: very positive first semester now threatened by clouds of uncertainty

Premium ContentOct 14, 2022 / World Footwear Yearbook
Watch out an interview with our Editor, Joana Vaz Teixeira, and get the latest updates on the footwear industry, with a focus on the main insights from the performance in 2021, going to the current scenario and the future perspectives

UK Retail: the second quarter might have been the lull before the storm

Premium ContentOct 5, 2022 / World Footwear Reports
Despite a 6 percentage points gain in the TCF (Textile, Clothing, & Footwear) Retail Sales Index in the second quarter of 2022, over the prior one, and a positive trajectory in footwear imports, prospects do not look good for retail. Amidst skyrocketing inflation and the worst consumer sentiment since 1974, the footwear consumer can barely afford further price increases, making the retail volume tilted to the downside. With the threat of a recession from the fourth quarter on, the majority of retailers believe that the cost-of-living crisis will be almost twice as damaging as the COVID-19 pandemic

All the facts and numbers of the footwear industry in 2021

Sep 28, 2022 / World Footwear Yearbook
Last year, production and exports at global level grew by 8.6% and 7.4%, respectively. Worldwide footwear production exceeded the 22 billion pairs threshold but is still below pre-pandemic levels. In 2021, 13 billion pairs were exported worldwide, representing a partial recovery from the drop registered in 2020 but remaining below that of any other year in the last decade

Peru extends anti-dumping duties on Chinese footwear

Sep 22, 2022 / Peru
The National Institute for the Defense of Competition and the Protection of Intellectual Property (Indecopi) announced the extension of the anti-dumping duties for imported footwear from China until 2026

8 of the top 10 footwear importers are European countries

Premium ContentSep 19, 2022 / World Footwear Yearbook
This is one of the main conclusions of the World Footwear 2022 Yearbook, recently released, and focusing on the analysis of the footwear industry in 2021. Read more about it today

Chinese leather industry grows in the first half

Sep 6, 2022 / China
Data from China's Ministry of Industry and Information Technology indicates a steady growth in the leather industry in the first half of 2022

Footwear exports: China leads but Vietnam is the success story

Premium ContentAug 30, 2022 / World Footwear Yearbook
This is one of the main conclusions of the World Footwear 2022 Yearbook, recently released, and focusing on the analysis of the footwear industry in 2021

58.8% of the footwear produced in 2021 was exported

Premium ContentAug 23, 2022 / World Footwear Yearbook
This represents the lowest percentage in a decade, according to the World Footwear 2022 Yearbook, recently released. Read more about it today
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