Brazil exports of footwear components reach USD 331.9 million

The footwear industry in Brazil saw a collection of USD 331.9 million in exports of footwear components in the first nine months of the year, up 22% from the same period last year and 21% from 2019, the year before the pandemic. The industry association Assintecal disclosed the data, indicating that exports generated USD 40.13 million in September alone, up 36% from the same month in 2021.

Assintecal’s International Market Manager, Luiz Ribas Júnior, highlights that exports to Latin American countries have been decisive for these positive results. “Today, six of the top ten international destinations for components are from Latin America,” he says.

In his opinion, in addition to its Latin American neighbors, which have been replacing Chinese imports with Brazilian imports to avoid high freight costs, there is also an emphasis on shipments to the United States, which ranked fourth among the major international destinations. “The average growth in exports to Latin America and the United States is nearly 37%, significantly higher than the overall growth (+22%),” he says.

See below the track record of footwear components (HS codes 6400 to 6406) exports from Brazil between Jan 2019 to Aug 2022. The data is from DataLiner.

Brazilian Footwear Components | Jan 2019 – Aug 2022 | TEUs

Source: DataLiner (click here to request a demo)

Destinations

Argentina was the most important destination for footwear components from January to September. Meanwhile, the equivalent of US$ 71.9 million was shipped there, a 42% increase over the same period last year.

The leading exporter of components from Brazil remains the state of Rio Grande do Sul. Between January and September, the equivalent of US$ 181.4 million left factories in Brazil’s southernmost state, 15% more than in the same period last year. Currently, the state accounts for almost 55% of the segment’s total exports.

Chemical products for leather were the most exported material by the sector between January and September (US$ 153.4 million, up 16% over the same period last year). Then came uppers (US$ 88.3 million, up 17%), chemical products for footwear/adhesives (US$ 38.22 million, up 36%), and soles (US$ 21.69 million, up 47%).

Source: Rádio Guaíba

To read the full original article, please go to: https://guaiba.com.br/2022/10/31/exportacoes-de-componentes-de-calcados-somam-us-3319-milhoes-diz-assintecal/

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