Latest Data & Analysis

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    News briefs

    Mexico footwear industry faces slow recovery

    2022-08-22T10:41:00Z

    Mexico’s footwear industry may not return to pre-Covid-19 production levels before 2024, according to Ignacio Irurita, vice president of the local trade association Canaical. The country produced 190.5 million pairs of shoes in 2021, up about 20 percent from 2020 but about 60 million pairs less than in 2019. Irurita ...

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    Article

    Global footwear prices are expected to rise significantly due to higher costs

    2022-05-23T08:56:00Z

    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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    Article

    Brazilian, Indian footwear stocks outperform in a weak environment

    2022-04-04T16:14:00Z

    In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.

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    Article

    Brazilian exports at their highest since 2011

    2022-03-24T18:03:00Z

    In February 2022, Brazilian footwear exports rose by 36.2 percent in volume to 13.58 million pairs and by 75.5 percent in value to $108 million, according to data released by the Brazilian footwear association, Abicalçados. In the first two months of 2022, exports rose by 40 percent in volume to ...

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    Article

    Global footwear market seen at $440bn in 2026

    2022-03-02T11:52:00Z

    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 briefs

    ​Geopolitical tensions impact the Russian shoe market

    2022-02-23T08:40:00Z

    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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    Article

    Millennials and Gen Z are more likely to embrace luxury than older generations

    2022-02-14T07:59:00Z

    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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    Kazakh fashion manufacturers lose market share

    2022-02-11T09:31:00Z

    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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    Article

    Brazilian exports rise 32% in volume in 2021

    2022-02-01T09:43:00Z

    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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    Article

    Indian footwear market forecast to grow 50% in 3 years

    2022-01-28T11:50:00Z

    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

    2022-01-11T17:07:00Z

    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 ...

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    Article

    Shoe industry marked by IPOs and takeovers in Q4

    2022-01-10T15:45:00Z

    The footwear industry witnessed further extraordinary finance transactions during the fourth quarter as companies continue to take advantage of the abundant liquidity injected into the financial system by central banks worldwide to shore up the economy after the Covid-19 outbreak last year. Allbirds, the loss-making California-based producer of Wool Runner ...

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    Shopping via social media seen reaching $1.2 trillion in 2025

    2022-01-09T17:08:00Z

    Shopping through social media platforms is expected to grow three times as fast as traditional e-commerce, according to a report issued by Accenture. Boosted by the Covid pandemic, it should rise from $492 billion a year to $1.2 trillion globally by 2025. The report shows that 64 percent of the ...

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    Article

    Italian shoemakers' revenues seen rising 16.2% in 2021

    2022-01-03T14:27:00Z

    Revenues for Italian footwear manufacturers is expected to rise by 16.2 percent in 2021, but would remain about 10-15 percent below the levels registered in 2019, before the onset of the Covid-19 pandemic, according to a survey carried out in October by Confindustria Moda’s research center among the members of ...

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    Global vegan footwear market forecast to reach $300bn in 2030

    2021-12-01T07:41:00Z

    The vegan footwear market is expected to reach $300.19 billion by 2030 from $156.89 billion in 2020, representing a compound annual growth rate (CAGR) of 6.8 percent, according to a report published by Allied Market Research. North America contributed the highest share in terms of revenue in 2020, holding more ...

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    Article

    Companies must be sincere in promoting sustainability or risk a backlash

    2021-11-29T08:38:00Z

    With consumers demanding more sustainable and equitable products and being increasingly aware of corporate greenwashing, footwear brands must be authentic in marketing sustainable goods. Otherwise their communication strategy may backfire, trend forecasting company WGSN warned during a couple of webinars organized by the Italian trade fair Expo Riva Schuh. Greenwashing ...

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    Belarus may face a shoe shortage

    2021-11-29T08:37:00Z

    Nike, Lamoda, Sportmaster and Detsky Mir have notified the Belarusian government about a possible suspension of shoe exports to the country due to problems with a local labelling system that was introduced on Nov. 1. The companies complained, in particular, about issues arising from the Belarusian monitoring system, which generates ...

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    Article

    Footwear sales volumes, prices expected to rise in the coming months

    2021-11-26T14:00:00Z

    The volume of footwear and the prices of shoes are expected to increase over the next six months, according to a survey of experts published in the latest Business Condition Survey of World Footwear done in collaboration with Shoe Intelligence. Despite the improvement in the outlook, the panel expects that ...

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    Article

    Global personal luxury goods sales up 29% in 2021

    2021-11-16T17:42:00Z

    The global personal luxury goods industry is forecast to grow by 29 percent at current exchange rates to €283 billion this year, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. Compared with 2019, the market ...

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    Article

    Casual footwear market fell by 13.1% in 2020

    2021-10-25T08:41:00Z

    According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market fell by 13.1 percent in terms of invoiced dollars to an estimated level of $18.33 billion in 2020 due to the devastating impact of the Covid-19 pandemic on retailing and demand. ...