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Footwear - Lingering trade war and pandemic combine to reduce footwear imports to US according to FDRA
17 April 2020

The volume of footwear reaching U.S. ports in February tumbled 20.8 percent compared to a year earlier–its largest drop in more than four years, according to an analysis by the Footwear Distributors & Retailers of America (FDRA), which also noted it was the sixth straight month of volume and value declines in footwear imports.

 

 

Imports from China were particularly hard hit, as factory closures at the end of January due to the Lunar New Year were followed by shutdowns from COVID-19. They declined 28 percent year to date through February to a value of $1.74 billion, OTEXA reported. For the month, imports from China fell 26 percent to $740 million.

Imports from No. 2 supplier Vietnam declined 17.6 percent to a value of $560 million in February compared to January. For the year to date, Vietnam’s shipments were still up 9.68 percent to $1.24 billion.

China’s market share in the year-to-date period fell to 43.3 percent in February compared to 45.5 percent in January. Vietnam’s market share stayed flat at 30.8 percent in February.

To read the rest of this article by Arthur Friedman click on Sourcing Journal

 

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