18 September 2023
Footwear exports from Brazil between January and August fell 16% in volume and 7% in revenue compared with the same period last year.
Exports totalled 82.28 million pairs, generating $823.15 million.
Haroldo Ferreira, CEO of footwear industry association Abicalçados, said the slowdown in the international economy, high interest rates and slowing demand from the US had impacted the sector.
He added: “We expect some improvement in the last months of the year, but even so we should end 2023 with indices between 6.7% and 9.1% lower than those registered in 2022, in volume.”
Even so, these figures would be higher than the results in 2019.
Continue reading here: https://lnkd.in/eZcMPjgP