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Demand for footwear from EU slows

Aug '07
Due to EC's anti-dumping levy on Vietnamese leather shoes, demand from EU countries slid and footwear exports to the region slowed down in the first quarter of this year.

One of top products that suffered sharp drop was the knitting-capped shoes, which earned only US $69 million from EU market, registering 52.3 percent plunge against same period 2006. However, it EU still remained the biggest market for shoes, accounting for 67.3 percent of total exports turnover of Vietnam.

The reason for sharp slump at the EU market is because its major countries reduced their imports of the shoes from Vietnam. Meanwhile, UK accounted for $12 million, a drop of 43.19 percent, Germany at $4.1 million, down 28.6 percent, and Netherland totaled $18.8 million, a dip of 67.95 percent.

Such sharp diving in exports to the EU market has caused to drops in exporting this shoes of whole country, a local trade expert said.

During the period, Vietnam's exports turnover of knitting-capped shoes earned just $102.55 million, recording a slump of 61 percent compared to same period 2006.

However, a sudden jump was witnessed at markets of Rumania and Slovakia, especially Spain, but in limited value.

In the period, there were 56 domestic enterprises exporting such product, accounting for $32.43 million of total exports turnover.

Fibre2fashion, News Desk - Vietnam

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