International Trade
Brazil: footwear consumption to increase more than 3% in 2023
According to the forecast by the Brazilian Footwear Industries Association (Abicalçados), in 2023 the sector's growth should take place in the domestic market
Bangladesh: leather exports register a small growth
From July to March 2023, Bangladeshi’s total leather exports increased only by 2.56% year-over-year, reflecting a deceleration in the category exports since the start of the year
Brazilian footwear exports slowdown
In March, Brazil's footwear exports declined by 11.4% in volume and by 2.6% in value, as compared to the same month of 2022, reflecting the slowdown of the global economy
Indonesian footwear exports expected to contract
According to the Indonesian Footwear Association (Aprisindo), the country's footwear exports may fall by about between 35% to 40% in 2023 to 4.64 billion euros, as compared to the previous year
Pakistani footwear exports on the rise
According to the Pakistan Bureau of Statistics (PBS), footwear exports grew substantially from July 2022 through February 2023, while leather exports followed the opposite direction
Bangladeshi leather exports miss strategic targets set
From July to February 2023, the Asian country's total leather exports totalled 832.4 million US dollars, up by 6.05% year-over-year, but down by 9.98% from the target set for the period
German footwear exports up by 19.4% in 2022
German footwear exports in 2022 grew in value by 19.4% over the prior year, totalling 9.6 billion euros, says the Federal Association of the German Footwear and Leather Goods Industry (HDS/L)
US Retail: slower growth for retail in the coming months
The available data suggests that footwear sales dipped in the last quarter of 2022. With inflation eating the wage growth and impacting the stability of the labour market, US consumers appear to have deemed footwear purchases as not essential. This situation is somewhat corroborated by the negative performances of several companies in the fashion category, such as Capri, Nordstrom and VF Corp, in the fourth quarter of the year. Their main concern relates to the excess inventory, which led to a highly promotional environment and caused imports to reduce. Accounting for the mixed feelings on the consumers’ side, it is safe to endorse cautious prospects for retail for these first months of 2023
Spain Retail: retailers and consumers have shown themselves resilient at the end of 2022
The Textile, Clothing, and Footwear (TCF) retail sales index has improved in the fourth quarter of last year and several companies in the category appear to be less fearful about 2023, especially after their positive annual results. Moreover, retailers’ and consumers’ confidence indicators are showing that despite some lingering pessimism due to the challenging macroeconomic environment, things won’t get necessarily worse in the short term.
Brazil: footwear exports get off to a good start
Brazilian footwear exports grew in both volume and value in January 2023, year-over-year, with shipments to EU countries offsetting the drop recorded in the US and Argentine markets
Portuguese footwear cluster with record results in 2022
Portuguese footwear and leather goods exports reached 2.35 million euros in 2022, a new all-time high, up by 22.2% as compared to the prior year. All segments registered significant growth
Pakistan and Russia agree to enhance bilateral trade
The Islamabad Chamber of Commerce and Industry (ICCI) has signed a Memorandum of Understanding with the Moscow Chamber of Commerce and Industry (MCCI) to promote trade between the two countries
Italian leather goods industry is only cautiously optimistic
The Italian leather goods industry grew from January to September 2022, but concerns over costs' increases and the situation in China are raising sirens in the industry
Brazilian footwear exports reach over 1.3 billion USD in 2022
According to Abicalçados, last year, Brazil exported 141.9 million pairs of shoes, generating over 1.3 billion USD, up by 14.8% in volume and 45.5% in value, as compared to 2021
Double-digit increase in turnover for Italian footwear manufacturers
In the first nine months of 2022, Italian shoemakers' turnover increased by 13.9%, year-over-year. But growth is not alike among companies, says Assocalzaturifici, highlighting the rising costs-
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