Brazilian footwear exports up 10.6%

Brazil
Published:  14 September, 2016

Export figures for the Brazilian footwear sector in August 2016 show positive signs of recovery, with exports up 10.6% by volume year-on-year.

Figures from Abicalçados, the Brazilian Shoe Manufacturers Association, show that footwear exports increased 10.6% in volume in August 2016 compared with the same month the previous year, representing nearly 10 million pairs and US$87.7 million in value (+27%).

In the first eight months of 2016, around 76.5 million pairs were exported, representing a total of US$617.8 million, up 2.6% in quantity and +0.8% in value compared with the same period in 2015.

According to Heitor Klein, Executive President, Abicalçados, the results are directly linked to the positive performance of Brazilian companies at trade events worldwide, in particular at Expo Riva Schuh, Italy, where over US$26 million were generated in business transactions in loco.

“Despite the fact that macroeconomics is not positive at the moment and that exchange rates volatility are impacting our product performance, our international offer has achieved good results, meaning the Brazilian footwear sector has reached further maturity”, he added.

Between January and August 2016, the U.S. was the top buying country (8 million pairs), followed by Argentina (6 million pairs) and France (5.37 million pairs).

In terms of shoe imports, there was a slight decrease in August 2016 due to the recent adjustment of the real against the dollar. A total of 2 million pairs were imported in the month, down 4.5% year-on-year. In the first eight months of the year, a total of 16 million pairs were imported, -36% compared with the same period in 2015. Main footwear exporting countries to Brazil include Vietnam, Indonesia and China.

As for the components segment, total imports of shoe uppers, linings, soles, insoles, heels, among others, reached US$29,7 million between January and August 2016, down 33% compared with the same period in 2015. 

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