September shows stabilization signs for Brazilian footwear exports

Data issued by the Brazilian Footwear Industries Association (Abicalçados) shows that Brazil exported 7.8 million pairs of footwear, generating $81.3 million in revenue for September. This represents a 7% drop in volume and a 3.3% decline in revenue compared to the same month in 2023. Despite the downward trend, it is the smallest decline recorded this year, indicating a slowdown in negative trends. Total exports for the first nine months of the year were 71.64 million pairs and $736.1 million, down 21% in volume and 18.8% in revenue from the same period in 2023.

Abicalçados Executive President Haroldo Ferreira noted that this trend was anticipated due to a low comparative base and a gradual recovery in U.S. imports, which grew by 4.2% in the first seven months of the year. According to Ferreira, September’s solid performance was driven by the recovery of shipments to Argentina and the United States, Brazil’s main footwear export markets. “With the decline easing in recent months, we expect to end the year with a setback between 14% and 19%,” Ferreira projected.

In September, Argentina overtook the United States as the top destination for Brazilian footwear. Exports to Argentina totaled 2.18 million pairs, generating $25.62 million in revenue, marking significant increases in both volume (+112.5%) and revenue (+48%) compared to September 2023. Over the nine-month period, Argentina imported 9 million pairs, worth $154.3 million, reflecting a 23.8% drop in volume and a 16.7% decline in revenue compared to the same period last year.

Exports to the U.S. in September reached 740,470 pairs, worth $17.22 million, with increases of 31.1% in volume and 32% in revenue compared to September 2023. Cumulatively, U.S.-bound exports for the first nine months of 2024 reached 7.7 million pairs and $165 million, reflecting declines of 2.7% in volume and 5.2% in revenue compared to the same period in 2023.

The chart below compares Brazilian footwear exports registered at maritime ports in the first eight months of the last three years. The data was extracted from the DataLiner intelligence service, a Datamar product.

Footwear Exports | Jan-Aug 2022 vs Jan-Aug 2024 | TEUs

Source: DataLiner (click here to request a demo)

Imports

Rio Grande do Sul remains Brazil’s top footwear-exporting state, shipping 2.9 million pairs worth $42.43 million in September, up 9.5% in volume and 7.4% in revenue compared to September 2023. For the year to date, factories in the state have exported 24.14 million pairs, generating $370.57 million in revenue, down 11.5% in volume and 11.4% in revenue compared to the same period last year.

September saw the highest increase in footwear imports for 2024, with 3.22 million pairs entering Brazil, valued at $50.8 million—up 79% in volume and 61.6% in revenue compared to September 2023. Over the first nine months of the year, total imports reached 27 million pairs, valued at $351.25 million, an increase of 17.3% in volume and 1% in revenue compared to the same period in 2023.

The majority of imports continue to come from Asian countries, especially Vietnam and Indonesia. In September, imports from Vietnam totaled 1.25 million pairs, generating $24.54 million in revenue, up 70.3% in volume and 54% in revenue compared to September 2023. Year-to-date, imports from Vietnam totaled 8.94 million pairs, valued at $166.45 million, reflecting a 17% increase in volume but a 2.4% decrease in revenue compared to the corresponding period last year.

For parts—uppers, heels, soles, insoles, etc.—imports between January and September totaled $26.7 million, up 27.7% from the same period last year. The main sources of these parts were China, Paraguay, and the United States.

Source: Guaíba

Click here to read the original article: https://guaiba.com.br/2024/10/11/exportacoes-de-calcados-dao-sinais-de-melhora-n-em-setembro-diz-abicalcados/

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