International Trade
Disruptions in the Red Sea continued into the third quarter
Global ocean carrier AP Moller-Maersk has warned that the coming months will be difficult for both carriers and businesses as the conflicts in the Red Sea continue to affect the normal functioning of supply chains
Upward trend in Vietnamese exports of leather, footwear and handbags
Based on positive results so far, Vietnam’s exports of leather, footwear and handbags could reach 26 to 27 billion USD by the end of the year, according to Lefaso
Brazilian footwear industry concerned by surging Chinese imports
The warning comes from Abicalçados. The surge in Chinese footwear imports is causing concern for the Brazilian footwear industry, which continues to see a steady decline in exports
A negative start to the year 2024 for Italian footwear
In the first quarter of the year, the Italian footwear industry recorded “significant setbacks in all economic indicators”, including exports and turnover. More than 80% of entrepreneurs do not expect an improvement before 2025
Bangladesh leather exports on the decline
It seems that the year 2023-2024 won’t be a positive one for Bangladesh’s leather exports. With one month left to the end of the year, total leather exports have declined by 14.17% year-over-year
Positive 2023 for Italian footwear, leather goods and tannery machinery exports
According to ASSOMAC, the association representing Italian manufacturers of footwear, leather goods and tanning technology, the 3.66% year-on-year growth in exports in 2023 shows the “resilience” of the sector
Brazilian footwear exports remain in the red
Brazilian footwear exports are still in the red. In the first five months of the year, footwear exports fell by 25% in volume and 22% in value, as compared to the same period of last year
Indian leather exports down for the year
Exports of leather and leather goods fell by nearly 10% in the fiscal year ending last March, as compared with the previous fiscal year, due to weak demand from markets such as the US and Europe
2023: a slow year for Italian footwear exports
Footwear exports in 2023 faced a gradual decline, resulting in a year-end figure that was 0.6% lower in value as compared to the previous year. Negative import figures also suggest a lack of momentum in the market
Brazilian footwear production to grow in 2024 driven by domestic demand
Brazilian footwear production is expected to grow between 0.9% and 2.2% year-on-year in 2024, driven by a surge in domestic demand, according to the Brazilian Footwear Industries Association (Abicalçados)
EU-New Zealand Free Trade Agreement has officially come into effect
The EU-New Zealand Free Trade Agreement, which took effect on the 1st of May, is expected to increase trade between the two regions by 30%, creating new opportunities for businesses and consumers
Sustained positive trend in French leather exports
According to the latest data from Alliance France Cuir (ex-Conseil National du Cuir), French leather exports slowed in 2023, but still showed a slight increase of 6% year-on-year to 18.9 billion euros
Vietnam retains second spot in global footwear exports in February
Vietnam remained the world’s second-largest exporter of footwear after China in February, with a turnover of 1.17 billion USD, according to figures released by the General Department of Customs
Bangladeshi leather footwear exports continue to fall
The downward trend continues. Bangladesh’s leather footwear exports fell by around 27% year-on-year in the nine months to March 2024, leading to a decline in the overall leather exports
Futurmoda attracts around 5 000 attendees
The 51st edition of the International Exhibition of Leather, Components, and Machinery for Footwear and Leather Goods, held in Spain, closed with a final figure of over 5 000 visitors-
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