All Market Statistics articles – Page 7
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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 ...
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ArticleFrench footwear manufacturing revenues rise 10% in 2022
Revenues for French footwear manufacturers rose by 10 percent to €651 million in 2022 from €590 million in 2021, according to the trade association Conseil National du Cuir. In volume, footwear production rose by 0.4 million pairs to 15.2 million last year from 14.8 million in 2021. The manufacturing industry ...
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ArticleThe outlook for global footwear consumption improves
The outlook for global footwear consumption has improved significantly, based on the findings of the latest survey of experts published in the current Business Conditions Survey of World Footwear. The members of the panel expect footwear prices to increase by an average of 7.3 percent worldwide and the quantity of ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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Global personal luxury goods market may rise 5-12% this year - Bain
Bain & Company and Altagamma’s 2023 spring luxury study showed that the global personal luxury goods market is projected to grow 5-12 percent in 2023 to between €360 billion and €380 billion, following a record year in 2022, despite uncertain economic conditions. Last year, the market generated estimated revenues of ...
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German data indicate recession continued in Q2 - economist
The latest data regarding Germany’s economy, indicate that the European power house was in a recession during the second quarter of 2023, marking the third negative quarter in a row, according to Franziska Palmas, senior Europe economist at Capital Economics. According to Palmas, German GDP fell by 0.5 percent in ...
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Covid-19 disruption cost U.S. apparel, footwear industry $9-17bn in 2022
Supply disruptions caused by the Covid-19 pandemic cost the U.S. apparel and footwear sectors, which are heavily dependent on foreign supply chains, between $9 billion and $17 billion in 2022, according to the ”Recent Trends in U.S. Services Trade: 2023 Annual Report” released by the U.S. International Trade Commission.
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Moscow footwear output up 58% in Q1
The production of footwear in Moscow surged by 58 percent year-on-year in the first quarter of 2023 to 435,000 pairs, according the mayor of the Russian capital, Sergei Sobyanin. Meanwhile, the production of clothing increased by 94.6 percent, he added. Russian companies have been benefitting from the exit of Western ...
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ArticleList prices for sneakers up 6.5% this year in U.S.
The average list price of sneakers in the U.S. at least seems to be higher than ever. What is certain, according to the latest edition of the USA Sneaker Market Index, is that said average list price has reached its highest point since the start of 2020, rising 14 percent. ...
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German retail association cuts 2023 online sales forecast
HDE, the German retail association, has cut its online sales forecast as persistently high inflation has dampened consumer sentiment amid a continued reluctance to spend. For 2023, HDE has slashed its forecast to €89.4 billion, a nominal increase of 5.8 percent from the 2022 level. The previous forecast was ...
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ArticleThe Russian fashion market is in turmoil, but local brands benefit
In 2022, the overall Russian fashion industry experienced a 12 to 15 percent drop in domestic sales volume, but local brands nevertheless experienced a surge in turnover ranging between 10 and 25 percent, Anna Lebsak-Kleymans, CEO of the Russian think tank Fashion Consulting Group, told the Russian edition of Forbes. ...
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Germany entered into recession in Q1
In the first quarter of 2023, German gross domestic product fell by 0.3 percent on the previous quarter on a price, seasonally and calendar adjusted basis according to the statistics office Destatis. The reading is 0.3 percentage points lower than in the preliminary estimate released on April 28. “After GDP ...
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Online footwear sales in Germany continue to plummet in Q1
Online sales continued to drop in Germany in the first quarter of 2023 after a weak 2022, with the footwear sector again plummeting amid heightened uncertainty, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. E-commerce sales in Europe’s biggest economy dipped by 15.0 ...
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European consumer confidence picked up in April
Consumer confidence in Europe gained momentum in April, buoyed by cooling inflation, Dow Jones Newswires reported citing Morning Consult data. Confidence improved month-on-month in 13 of the 16 European economies tracked in data-intelligence company Morning Consult’s Index of Consumer Sentiment, ahead of 12 that improved in April. “The ...
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U.S. luxury spend continued to fall in April
Luxury spending in the U.S. continued to decline in April, with the lower end particularly hit, Citi said, citing its credit-card data. Spending on luxury goods in the country dropped by 18 percent year-over-year in April, the same pace as in March. ”Whether European local demand will follow the same ...
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Bangladesh’s footwear exports rise slightly but miss government’s targets
In the nine months from July 2022 to March 2023, Bangladesh’s exports of leather footwear fell by 0.88 percent year-over-year to $534.23 million but missed the government’s export target by 10.59 percent. Meanwhile, overall exports of leather and leather products rose by 2.56 percent over the period to $919.73 million ...
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ArticleBrazilian exports decline in volume in Q1
Brazil’s footwear manufacturers exported 38.44 million pairs of footwear in the first quarter of 2023, down by 5.7 percent year-over-year, for a total of $328.44 million, up by 2.4 percent, according to the local footwear associaton Abicalçados. In the sole month of March, exports totaled 11.67 million pairs, down by ...
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Italy entrepreneurs concerned about a recession
A majority of Italian entrepreneurs are concerned about the prospects of a recession although they expect an economic downturn will be temporary and have a less negative impact than past recessions, according to a survey carried out by the consultancy EY. In particular, 87 percent of Italian entrepreneurs interviewed are ...
