Chinese footwear exports grew in value in the first six months of the year, although they declined in volume. According to recent statistics released by the China Leather Industry Association (CLIA), exports of Chinese footwear reached 5 billion pairs,valued at $24.7 billion, representing a 5.9 percent decline in volume and a 1 percent increase in value. This combination is the result of higher average export prices.
The quantities exported have declined in all continents except for North America, which registered a 2.9 percent volume increase. In terms of value, footwear exports from China to the Asean countries jumped by 17.1 percent. Exports to Africa also registered a remarkable performance, with a 18.2 percent increase.
Chinese overall exports in the first half of 2015 grew only by 0.4 percent. The Shanghai Composite Index ended down by 12.5 percent in August, its third month of decline. European and U.S. markets also fell under severe pressure from Asian exposure, with FTSE and Dow losing 6.7 percent and 6.6 percent, respectively.
At the latest World Leather Congress in Milan, held at the beginning of September on the eve of the Lineapelle trade show, CLIA gave some other figures for last year. China exported 2.7 billion pairs of shoes with a value of $54 billion, and leather shoes accounted for $14 billion of these sales. The country's leather industry saw a 9 percent sales increase in 2014 compared with the previous year, with revenues of $200 million.