Like the majority of sectors, the first half of the year was difficult for the Italian footwear manufacturing sector with production and turnover down around 40%, according to industry association Assocalzaturifici. Report by Leatherbiz.
Siro Badon chairman of Assocalzaturifici
Household spending fell by 30%, despite the boom in online sales (+42%) due to the closing of shops during the lockdown.
Shoe exports fared poorly: they fell 22% in volume for EU markets, which account for two pairs of shoes out of every three sold abroad, and 33.4% in volume for non-EU markets, with the balance of trade down significantly (-34%) but still showing a surplus of €1.6 billion.
Siro Badon (pictured), chairman of Assocalzaturifici, said: “The health emergency has had a major impact on the performance of our production sector. Aside from the reduction in output and turnover, there was also a marked drop in domestic consumption and exports.
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