All Data & Analysis articles – Page 3
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News briefsGerman footwear manufacturers plan to increase prices
German companies intend to increase their prices ”on a large scale”, including footwear manufacturers, according to the latest survey from the economic research institute Ifo. A particularly large number of clothing manufacturers plan to raise their prices, with the indicator rising to 89.2 points, up from 84.6 points in July. ...
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News briefs
Global luxury goods market to approach $300 bn in 2026
The global luxury goods market is expected to reach $296.9 billion by 2026, according to the report “Global Luxury Goods Industry” released by Reportlinker.com. This compares with an estimated size of the market of $224.8 billion in 2020 and represents a compound annual growth rate (CAGR) of 4.8 percent over ...
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ArticleGlobal footwear prices are expected to rise significantly due to higher costs
On average, global shoe prices will increase by 8.4 percent over the next six months, with a maximum rise of 9.8 percent forecast for Europe and a minimum surge of 5.7 percent expected in North America, according to a survey of experts published in the latest Business Condition Survey of ...
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ArticleGlobal second hand footwear market seen reaching $43.1bn in 2032
The global second hand footwear market is expected to grow by a compound annual growth rate (CAGR) of 12.5 percent reaching a valuation of $43.1 billion by the end of 2032, according to Persistence Market Research. The market will be mainly driven by growing importance of the sustainability concept. But ...
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News briefs
German firms have difficulties in replacing Russian, Ukrainian imports
German companies are finding it difficult to replace imports from Russia, Ukraine or Belarus, according to a survey by the research institute ifo. Only 13.8 percent of industrial companies with problems sourcing from these countries would be able to completely replace their sources of supply in the short term. For ...
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ArticleFrench shoe exports grow faster than imports in 2021
In 2021, French footwear exports rose by 15 percent to €4.0 billion compared with 2020, when trade was affected by the outbreak of the Covid-19 pandemic, while imports grew by 12 percent to €6.7 billion. The sector continued to suffer a trade deficit, with exports only covering 59 percent of ...
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ArticleGlobal high heels footwear market to rise 1.35% annually - Technavio
The global market for high heel shoes is expected to increase by an annual average of 1.35 percent between 2021 and 2025, representing an accumulated gain of $1.70 billion over the period, according to a report published by the research and advisory company Technavio. The survey, titled High Heels ...
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News briefs
German manufacturing material shortage worsens in March
The shortage of intermediate materials in German manufacturing has become more severe, according to the German research institute ifo. In March, 80.2 percent of companies complained about bottlenecks and problems procuring intermediate products and raw materials. In February, the figure was 74.6 percent. “The attack on Ukraine has made the ...
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ArticleDiabetic footwear market to grow 7.9% a year by 2031
The global diabetic footwear market is expected to grow by a compound annual growth rate (CAGR) of 7.9 percent from $5.80 billion in 2022 to $14.18 billion by 2031, according to Allied Market Research. The market research firm explained that diabetic footwear is “designed to prevent foot injuries from frequent ...
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News briefs
Ukraine conflict to have 2-3% impact on luxury goods market
The conflict between Russia and Ukraine is expected to impact by 2-3 percent, or at least €7 billion, global spending in personal luxury goods, according to an estimate made by consultancy Bain & Company. The percentage corresponds to the estimated annual expense of Russian consumers in luxury clothing, accessories, ...
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ArticleGlobal footwear market seen at $440bn in 2026
In 2020, the global footwear market was estimated at $384.2 billion and is expected to rise by a compound annual growth rate (CAGR) of 2.3 percent to reach $440 billion in 2026, according to Reportlinker, a research institute using artificial intelligence to compile reports. Casual footwear, one of the segments ...
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News briefsGeopolitical tensions impact the Russian shoe market
The price of footwear in Russia is expected to rise by at least 15 to 25 percent in 2022 due to rising production costs and the depreciation of the Russian ruble, the Russian analytical agency Fashion Consulting Group forecast. The ruble hit a 15-month low against the dollar after the ...
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ArticleInflationary pressures are mounting across the board
Thanks to the collective work of the editorial teams of Shoe Intelligence and its sister publication Sporting Goods Intelligence Europe, we have put together a comprehensive analysis of the impact of inflation on the footwear industry. We tried to cover the economic, industrial, financial and some social aspects of inflation ...
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ArticleMillennials and Gen Z are more likely to embrace luxury than older generations
As a new generation of younger, digitally-savvy shoppers comes to the fore in the luxury marketplace, new trends are emerging, a survey conducted by the Swedish retail banking, payment and shopping service Klarna showed. These include a stronger focus on sustainability, which leads to favor quality products that will last ...
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News briefs
Kazakh fashion manufacturers lose market share
During the first three quarters of 2021, clothing and footwear manufactured in Kazakhstan accounted for only 10 percent of sales on the domestic market, 4.6 percentage points less than during the same period of the previous year, the Kazakh Committee for Industrial Development estimated. The overall market size totaled $2 ...
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News briefs
Global women’s luxury footwear sales to rise $39 bn in 2029
The global women’s luxury footwear market is estimated to rise from $30 billion in 2022 to $39 billion by 2029, growing by an annual average of 5 percent over the period, according to Future Market Insights. The segment is very concentrated with the top five suppliers having a combined 55 ...
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ArticleBrazilian exports rise 32% in volume in 2021
In 2021, Brazilian footwear exports rose by 32.0 percent year-over-year in volume to 123.6 million pairs and by 36.8 percent in value to $900.3 million, according to data released by the trade association Abicalçados. When compared with 2019, exports grew by 7.3 percent in volume but fell by 7.4 percent ...
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News briefs
Material shortages ease for German manufacturers
The shortage of materials in German manufacturing eased in January, with 67.3 percent of companies reporting bottlenecks and problems procuring intermediate products and raw materials, according the Ifo research institute. In December, the figure was 81.9 percent. “Despite this development, companies still have much to worry about,” said Klaus Wohlrabe, ...
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ArticleIndian footwear market forecast to grow 50% in 3 years
In the fiscal year ending in March 2021, the Indian footwear market declined to 660 billion rupees (€7.9bn-$8.8bn) from 960 billion rupees in the previous year due to the Covid-19 pandemic. But by March 2025, the market is expected to increase by about 50 percent to 1,380-1,450 billion rupees (€16.5-17.3bn-$18.3-19.3bn) ...
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Global orthopedic footwear sales to rise nearly 6% a year
The global orthopedic footwear industry is expected to reach $11,741 million by the end of 2028 compared with $7,513 million in 2020, representing a compounded average growth rate (CAGR) of 5.85 percent over the period, according to Kenneth Research. In a recently released report called “Orthopedic Footwear Market: Global Demand ...
