Brazil boosted footwear component exports

Brazil recorded a 37% growth in exports of footwear components in the first two months of this year compared to the same period in 2021, according to information released by the Brazilian Association of Shoe and Leather Components Industries (Assintecal). The sector’s international sales have upturned from the impact of the pandemic, with a 19% growth over January and February 2019.

Data refers to raw materials for footwear, leather, and accessories manufactured by the Brazilian industry and shipped abroad. Exports totaled USD 71.3 million in the first two months of 2022. The most sold products in the period were chemicals for leather and shoes (adhesives), uppers, soles, and insoles.

The leading destination for Brazilian exports of footwear components in the first two months was China, followed by Argentina and Portugal. All three countries increased purchases in the period, China by 72% and the other two countries by over 100%. The Brazilian state that exported the most components was Rio Grande do Sul, followed by São Paulo and Bahia.

“Demand for footwear has spiked in the main global markets. There is a trend for imports of components from Asia to relocate, primarily due to logistical costs and the trade war between the United States and China. In this context, Brazil presents itself as one of the most critical players in the western world, with a vast range of materials produced with excellence, technology, and sustainability,” said Luiz Ribas Júnior, International Market Manager at Assintecal.

Source:  ANBA – Brasil-Arab News Agency

To read the full original article, please go to:

https://anba.com.br/en/brazil-boosted-footwear-component-exports/

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