Companies on Alert: Footwear Exports Drop 17.8% Through October

Data from the Brazilian Footwear Industry Association (Abicalçados) reveals that from January to October, Brazil’s footwear exports totaled 81.2 million pairs, generating $827.73 million in revenue.

These results show declines in volume (-20.7%) and revenue (-17.8%) compared to the same period in 2023. In October alone, 9.56 million pairs were shipped, generating $91.43 million, representing drops of 19% and 8.6%, respectively, compared to the same month last year.

Abicalçados’ executive president, Haroldo Ferreira, notes that instability is expected to continue in the year’s final two months and into 2025.

“With significant declines in the U.S. and Argentina, our main international markets, we expect to end the year with a volume decrease of between 15% and 20%. For 2025, Abicalçados forecasts growth between 0.5% and a decline of 2%, based on a very weak comparison base. We still cannot speak of a recovery in international markets, especially given the strong advancement of Asian countries, particularly Vietnam and Indonesia, in our key international markets,” Ferreira assesses.

Source: Jornal da Franca

Click here to read the original article: https://www.jornaldafranca.com.br/empresas-estao-em-alerta-exportacoes-de-calcados-cairam-178-ate-outubro/

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