Home / Knowledge / News / Fashion / Footwear sector of Wenzhou battles all odds successfully
Footwear sector of Wenzhou battles all odds successfully
Apr '08
According to Wenzhou Footwear Industry Association, more than 70 shoes enterprises have closed down recently in the region and the number is expected to grow further in near future.

According to the Association, within a short span 4 years the number of shoe enterprises have fallen from 5,000 to 2,600, leaving the entrepreneurs worried.

Although China is going through RMB appreciation and decrease in international market has not affected the industry on a large scale.

In January and February, nearly 98.44 million pairs of shoes were exported, with a total value of almost US $440 million, a slight rise of 1.13 percent from the same time last year.

The exports in the month of January reached $280 million, up by 25.32 percent. However, February witnessed a year-on-year decrease of 24.54 percent, and managed to earn revenue worth US $159 million.

The average rate of net profits for Wenzhou shoes industry earlier was around 5 percent, which is going down due to lack of orders from domestic as well as global market.

Experts believe that, labour costs has risen nearly 30 percent, adding to increase cost of production, making it difficult for the factory owners to survive in fierce competitive market.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search