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Brazil exported $967 mn worth in footwear in 2019

Jan '20
Pic: Shutterstock
Pic: Shutterstock
Footwear exports from Brazil grossed $967 million in 2019, according to figures by the Brazilian Footwear Industries Association (Abicalçados), which recently said 114.55 million pairs of shoes were shipped. The figures show a 0.9 per cent fall in revenue and a 0.9 per cent rise in volume over 2018 figures. The United States, Argentina, and France are the main importers.

In December 2019, 10.34 million pairs of shoes were sold abroad for $80.73 million, down by 21 per cent by volume and 17.2 per cent by revenue year on year.

The United Arab Emirates, the 14th largest destination, bought 1.67 million pairs of shoes for $12.04 million—up 60.1 per cent by volume and 17.7 per cent by revenue from the previous year. Abicalçados chairman Haroldo Ferreira told a news agency that exports to the Arab world have grown each year.

Ferreira was quoted as saying in a press release that the general result pointed to a heavy influence of the exchange rate in the period. With a dollar 10 per cent more expensive than the previous year, the footwear manufacturer industry managed to offer more competitive prices in the foreign market.

The performance last year was also affected by the US market, which imported more footwear from Brazil to avoid the tax load of Chinese footwear due to the US-China trade war. In 2019, the top destination of footwear from Brazil imported 11.9 million pairs of shoes for $197.5 million, up 10.5 per cent by volume and 18.4 per cent by revenue year on year.

But the second largest foreign destination of Brazilian shoe drove the average down. With its economic crisis, Argentina imported 10 million pairs of shoes for $105.2 million in 2019, down 15 per cent by volume and 24.7 per cent by revenue year on year.

The third main destination was France, importing 7.9 million pairs of shoes for $60.42 million, up 7.8 per cent by volume and 6.2 per cent by revenue over 2018.

Fibre2Fashion News Desk (DS)

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January 2020

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