Brazilian footwear exports over USD 219 mln from Jan to Feb

According to data from the Brazilian Association of Footwear Industries (Abicalçados), 26.77 million pairs of shoes were shipped in the first two months of the year, generating US$ 219.78 million, a 2.9% decrease in volume and a 5.1% increase in revenue compared to the same period last year. In February alone, footwear exports totaled 12.14 million pairs for US$ 101.85 million, with drops in volume (-10.6%) and revenue (-5.6%) compared to February 2021.

According to Haroldo Ferreira, executive president of Abicalçados, the drop seen last month is due to a reduction in shipments to the United States, the leading destination for Brazilian footwear abroad, and a slowdown in the global economy.

“Brazilian shipments to the United States have been declining since the second half of 2022, following a general decrease in imports from that country,” he notes. According to the executive, the North American market is experiencing a period of retraction, rising inflation, and rising inventories. “Last year, footwear imports increased by more than 33%, far outpacing North American retail (+1.1%),” he adds.

See below Brazil’s shipments of footwear abroad in containers between Jan 2019 and Jan 2023. The data is from DataLiner.

Brazilian footwear exports | Jan 2019 – Jan 2023 | TEUs

Source: DataLiner (click here to request a demo)

Destinations

Argentina imported more Brazilian footwear than the United States in February for the first time in 27 years since a record began to be taken. Argentines imported 961.6 thousand pairs of shoes for US$ 17.3 million in month two, an increase in both volume (+8.2%) and revenue (+51.3%) over the same month in 2022. In the two-month period, Brazil’s neighbor imported 1.7 million pairs for US$ 30.12 million, representing 1.8% and 66.4% increases over the same period last year, respectively.

In February, the United States imported 879.2 thousand Brazilian pairs, for which they paid $17 million, with drops in both volume (-62.4%) and revenue (-50.7%) compared to the same month in 2022. Brazilian factories shipped 2.14 million pairs there during the two-month period, generating US$ 40.43 million, a 47.7% and 33% decrease from the same period last year.

Spain is another surprise in February’s ranking, overtaking France in third place among destinations. Last month, the Spaniards imported 2.35 million pairs, for which US$ 7 million were paid, expressive increases of 492.7% in volume and 473.6% in revenue over month two last year. In the first two months of the year, the Spaniards imported 4.4 million Brazilian pairs for US$ 13.9 million, higher results in volume (+259%) and revenue (+237%) compared to the same period in 2022.

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