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Signs of stability for footwear industry
10 January 2018

Italian footwear association Assocalzaturifici has revealed that the country’s shoe exports exceeded €6.2 billion during the first eight months of 2017. 

This figure represents year-on-year increases of 2.2% in value and of 1.4% in volume. 

Exports to EU markets grew slightly in value and volume, despite a 2.9% drop in the volume of exports to Germany. 

Exports to the US were up more than 6% in volume but there was a 5.4% fall in the volume of exports to Canada. Assocalzaturifici pointed out that these figures predate the EU-Canada Comprehensive Economic Trade Agreement (CETA), which only came into force in September.  

Sales of Italian shoes to countries in the Middle East grew 3.2% in volume, but the news from nations in the Far East was less positive as the volume of exports fell 6.8%. This was due to negative trends in Japan and Hong Kong, which both saw decreases in volume of nearly 12%. 

Reacting to the export figures, Annarita Pilotti, Assocalzaturifici president, said: “The year closes with signs of stability. Recovery still seems far off, however.”

According to a recent survey by Assocalzaturifici, Italy’s shoe production grew 0.7% in volume and 2.1% in value during the first nine months of 2017. This slow growth can be attributed in part to stagnating domestic consumption, which increased 0.4% in value but dropped 0.3% in volume. 

The survey also offered data about the health of Italian footwear businesses. It revealed a 2% drop in the number of shoe factories active in Italy between January and September, which equates to the closure of nearly 100 units. Despite this, a 0.4% increase in the number of employees in the Italian shoe sector was recorded. 

Information courtesy of Leatherbiz