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Portugal footwear exports fall 2.1% to 813 million euros
Portuguese footwear exports decreased by 2.1% during the first half of the year, totaling 813 million euros, according to the industry association APICCAPS. This decline occurs amid a broader slowdown in the global footwear trade.
Despite the contraction, Portugal's performance was more resilient than its primary competitors. Through May, Italy recorded a 4.3% loss in exports, while Spain saw a 7.3% decline. China also faced significant challenges, with losses of 10.9% reported during the first five months of the year.
APICCAPS executive director Paulo Gonçalves noted that the industry is under intense pressure due to armed conflicts in Ukraine and the Middle East, which have restricted access to traditional luxury markets. Additionally, logistical disruptions, particularly in the Strait of Hormuz, have contributed to higher operational costs.
Entities
APICCAPS · Italy · Paulo Gonçalves · Portugal · Spain
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Portuguese footwear exports fell 2.1% in the first half of the year. observador.pt · jornaleconomico.sapo.pt · sapo.pt
- [● 3 SOURCES] Italy's footwear exports saw a 4.3% loss through May. observador.pt · jornaleconomico.sapo.pt · sapo.pt
- [● 3 SOURCES] Conflicts in Ukraine and the Middle East are affecting the fashion value chain. observador.pt · jornaleconomico.sapo.pt · sapo.pt
- [● 3 SOURCES] Spain's footwear exports saw a 7.3% loss through May. observador.pt · jornaleconomico.sapo.pt · sapo.pt
- [● 3 SOURCES] Footwear export value reached 813 million euros in the first half. observador.pt · jornaleconomico.sapo.pt · sapo.pt
- [● 2 SOURCES] Logistical disruptions in the Strait of Hormuz are increasing costs. observador.pt · sapo.pt
- [● 2 SOURCES] China recorded footwear export losses of 10.9% in the first five months. observador.pt · sapo.pt