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Footwear exports in 2021 have almost fully recovered compared with 2019

Sep, 14, 2021 Posted by Sylvia Schandert

Week 202136

The recovery in footwear exports continues a pace, with the volume shipped almost equal to that shipped during the same period in 2019. Data prepared by the Brazilian Association of Shoe Manufacturers (Abicalçados) shows that in August, 9.3 million pairs were exported , which generated US$ 78 million – an increases of 28.2% by volume and 34.9% in revenue compared to the same month last year. With this result, between January-August, shoe factories shipped 75.2 million pairs, generating revenues of US$ 541.34 million, a 33.4% increase in volume and 23.9% in revenue in relation to the same period in 2020. Compared to January-August 2019, the volume exported is only 0.2% lower, whilst revenues are down 16.7%, explained by the exchange rate variation during this period.

The executive president of Abicalçados, Haroldo Ferreira, points out that there is a recovery process in the international market led by the United States, the main destination for Brazilian footwear exports. “Imports of Brazilian shoes by the United States are already 14% above pre-pandemic levels. For six consecutive months, pairs exported there have registered an increase compared to 2019”, he celebrates. On the other hand, he points out that some European countries, especially France, the third ranked international destination for the exports, are decreasing their imports due to the new wave of Covid-19. “So, the picture is still cloudy to talk about full recovery compared to the losses of 2020. Demand needs to persist”, comments the executive.

The chart below shows the volumes of footwear exported by Brazil since January 2018:

Brazilian Footwear Exports | Jan 2018 to Jul 2021 | TEU

Source: DataLiner (To request a DataLiner demo click here)

 

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