All Market Statistics articles – Page 8
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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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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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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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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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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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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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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 ...
