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3 clusters · 5 sources · 27 days · First seen · Last updated

Global footwear industry trade fluctuations

Overview

The global footwear industry continues to face significant trade challenges and export declines. In Brazil, the sector has reached its lowest export performance since the 2020 pandemic. Data from Abicalçados and the Secretariat of Foreign Trade (Secex) show that between January and August, Brazil exported 62.45 million pairs of shoes, generating US$ 541.45 million. This represents a 7.5% drop in volume and a 16.8% decrease in revenue compared to the same period last year.

Haroldo Ferreira, executive president of Abicalçados, attributed the decline primarily to difficulties in the United States and Argentina, which together accounted for a US$ 111 million loss in export revenue. In the United States, although shipment volume rose by 40.5% in August, revenue fell by 9.2% due to a significant drop in average prices. In Argentina, the industry faces reduced consumption and increased competition from Asian products following tariff reductions for non-Mercosul goods.

Simultaneously, the Brazilian domestic market is seeing a rise in imports. Between January and August, footwear imports increased by 9.6% in volume and 11% in value, reaching US$ 429.7 million, driven largely by Asian suppliers.

In Europe, Portuguese footwear exports fell by 2.1% to 813 million euros in the first half of the year. While Portugal showed more resilience than competitors like Italy, Spain, and China, the industry remains under pressure due to a global trade slowdown, logistical disruptions in the Strait of Hormuz, and armed conflicts in Ukraine and the Middle East.

Entities

Haroldo Ferreira · Abicalçados · Brazil · China · Spain

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. about 3 hours ago

    [BUSINESS] 2 sources
    Brazilian footwear exports hit lowest levels since pandemic

    Brazilian footwear exports fell 7.5% in volume and 16.8% in revenue from January to August, the worst performance since 2020, driven by losses in the US and Argentine markets.

  2. 14 days ago

    [BUSINESS] 3 sources
    Portugal footwear exports fall 2.1% to 813 million euros

    Portuguese footwear exports fell 2.1% to 813 million euros in the first half of the year, outperforming competitors like Italy and Spain despite global trade slowdowns and geopolitical tensions.

  3. 27 days ago

    [BUSINESS] 9 sources
    Brazil footwear trade turns to deficit in July

    Brazil's footwear trade balance turned negative in July for the first time in nearly 30 years, as imports reached US$ 66 million while exports fell to US$ 62 million.

Sources

comexdobrasil.com · jornaleconomico.sapo.pt · observador.pt · radioguaiba.com.br · sapo.pt

This summary has been updated 1 time: see revision history