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French footwear sales rise further in March
In March, French footwear retail sales rose by a seasonally and working-day adjusted 2.5 percent month-on-month, according to the Bank of France. In February, sales of footwear increased by 1.6 percent. The reading was revised up from a preliminary 0.9 percent. Overall French retail sales rose by 0.5 percent month-on-month ...
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ArticleGerman fashion manufacturing back to pre-pandemic levels, but outlook remains cautious
German clothing manufacturers swung back to pre-Covid-19 levels as they posted a double-digit sales increase in 2023, up by 10.8 percent to €6.8 billion, according to official figures from the country’s statistics office Destatis. When considering companies with more than 50 employees, the number of workers in the industry ...
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Vietnam’s February footwear exports down 40.3% vs January
Vietnam’s footwear exports totaled $1.17 billion in February, down by 40.3 percent compared with January. In the first two months of the year, the country’s footwear exports reached $3.1 billion, according to the General Statistics Office. In the two-month period, exports to the US rose by 25 percent year-over-year to ...
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News briefs
French footwear sales rise in February
In February, French footwear retail sales rose by a seasonally and working-day adjusted 0.9 percent month-on-month, according to the Bank of France. In January, sales of footwear increased by 1.4 percent. Overall French retail sales rose by 0.2 percent month-on-month in February and sales of manufactured goods grew by 0.5 ...
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ArticleKazakhstan sees a rise in footwear imports as local production remains low
Kazakh footwear manufacturers only covered a tiny part of domestic demand, and their market share is shrinking, a recent research showed. In 2023, Kazakh footwear companies manufactured 1.8 million pairs of shoes, up by 3.6 percent compared with the previous year, according to the Bureau of National Statistics. But last ...
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Continued uncertainty in German consumer sentiment despite an improvement in March
Consumer sentiment in Germany showed a significant improvement in March from the previous month, according to the German trade association HDE. The industry group however warned that, given the persistent uncertainty, there is currently no sign of a solid upward trend. The monthly HDE consumption barometer is calculated ...
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ArticleSpanish footwear exports rose in value but slipped in volumes in 2023
Spanish footwear exports totaled €3,260 million in 2023, up by 6.6 percent compared to the previous year when exports breached the €3 billion threshold for the first time. In 2022, exports rose by 22 percent to €3,056 million, according to data released by Fice, the Spanish footwear association. However, in ...
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ArticleGerman shoemakers expect a challenging 2024
The German footwear and leather goods industry is facing “a challenging 2024” but a turnaround is possible towards the end of the year, according to Manfred Junkert, the general manager of the German footwear and leather goods trade association, HDS/L. “In spite of manufacturers having considerable resilience and creativity, a ...
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ArticleBrazilian footwear exports collapse in December
In December, Brazilian footwear exports fell by 41.5 percent year-over-year in volume to 7.45 million pairs and by 33.3 percent in value to $73.44 million, according to data released by the Brazilian footwear industry association, Abicalçados. For the whole of 2023, exports dropped by 16.6 percent in volume to 118.34 ...
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ArticleItalian footwear companies suffer a decline in sales in the second half of 2023
After the gains posted in the first half of 2023, driven by a 13.6 percent year-over-year surge in the first quarter and a timid 1.2 percent rise in the second quarter, revenues of Italian shoe makers are estimated to have dropped by 5.8 percent year-over-year in the third quarter, according ...
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Uzbekistan ramps up footwear production, export
Over the past six years, Uzbekistan made a lead forward in terms of footwear production and export, the Uzbek association of leather and footwear producers, Uzcharmsanoat, reported. In 2023, the country is expected to manufacture 246 million pairs of shoes, compared to only 10 million pairs in 2017. Exports are ...
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German consumer confidence worsens
In November, consumer confidence in Germany is expected to drop to -28.1 from a revised -26.7 in October with high food prices weakening households’ purchasing power and preventing consumption from supporting the economy, according to the latest survey published jointly by the market research firm GfK and the Nuremberg Institute ...
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ArticleBrazilian shoemakers are relying on domestic demand to grow
Brazilian footwear manufacturing are having to rely on domestic consumption, which is supported by growing purchasing power, to bolster production this year as exports drop due to weaker demand in key markets such as the U.S. and the return of Chinese companies on international markets after having been constrained by ...
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ArticleThe stocks of footwear companies continued to be under pressure in Q3
The prices of stocks monitored by Shoe Intelligence fell by 7 percent on average in the third quarter of 2023 compared with the previous three months amid ongoing concern about the economic outlook due to weak demand, higher interest rates and stubborn inflation. In the second quarter, the panel was ...
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German consumer confidence continues to decline
German consumer sentiment is estimated to have fallen to -25.5 points in September from a revised -24.6 points in August, according to the research group GfK. The preliminary reading for August was -24.4. “The consumer sentiment is currently not showing a clear trend, neither downward nor upward – and that ...
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ArticleIndian footwear sector revenues seen up 11% driven by higher prices
Revenues for the Indian footwear sector are expected to increase by about 11 percent in the fiscal year ending March 31, 2024, largely due to higher selling prices, according to a research by CRISIL Ratings. Sales volumes are forecast rising by some 4 percent during the period. Exports, which constitute ...
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ArticleGerman economy expected to continue contracting after a quarter of stability
After stabilizing in the second quarter of 2023, German GDP is expected to contract again in the coming months. In the second quarter, GDP was flat compared with the previous three months on a price, seasonally and calendar adjusted basis, according to the statistics office Destatis. Year-on-year, German GDP ...
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ArticleGlobal footwear production up 7.6% in 2022
In 2022, global footwear production increased by 7.6 percent to 23.9 billion pairs, returning to pre-Covid-19 levels, according to the World Footwear Yearbook 2023 released by the Portuguese footwear association Apiccaps. Footwear manufacturing continues to be strongly concentrated in Asia where almost nine out of every 10 pairs of ...
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ArticleGlobal footwear market seen growing nearly 6% annually to 2027
The size of the global footwear market is set to grow by $133.09 billion from 2022 to 2027 and register a compound annual growth rate (CAGR) of 5.69 percent, according the estimates in Technavio’s latest market research report. The market is forecast to grow by 4.73 percent in 2023 and ...
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Pakistan footwear exports rise nearly 36% in volume
Pakistan’s footwear exports rose by 35.50 percent in volume to 25.25 million pairs and by 13.74 percent in value to $178.6 million in the 12 months to June 2023, which corresponds to the country’s fiscal year, according to the Pakistan Bureau of Statistics. During the period, Pakistan shipped 10.23 million ...
