Boost for Brazilian footwear exports
Brazilian footwear exports for 2021 are expected to surpass those of the 2019 pre-pandemic market.
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According to Brazilian footwear industry association Abicalçados, the South American country’s shoemakers have reported exports of 86.2 million pairs for the first nine months of 2021, earning close to USD620 million (GBP449 million). This figure represents a 33.7 per cent growth in volume compared to the same period last year and is 10 per cent higher than for the first nine months of 2019. Value increased by 26.3 per cent over the same period in 2020, although it was down by 8 per cent when compared to that pre-pandemic period.
Unsurprisingly, the USA was the biggest market for Brazilian shoes. It took 10 million pairs between January and September of this year – 50 per cent higher than for 2020 – with a combined value of USD153 million (GBP110.8 million), a growth of 40 per cent year-on-year. Abicalçados president Haroldo Ferreira is said to be confident that Brazilian footwear exports for 2021 will surpass those of 2019 and beat last year’s total by 25 per cent.
This article was originally published on page 2 of the November 2021 issue of SATRA Bulletin.