Currency fluctuations impact Spanish footwear export - leatherbiz: Lea Leatherbiz

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Currency fluctuations impact Spanish footwear exports

01/04/2016
Spain exported 152 million pairs of shoes in 2015, a decrease of 1.3% compared with 2014, according to footwear association FICE.

However, the value rose 11% to €2.9 billion, as the cost per pair rose.

Europe is the largest region for Spanish footwear exports, with trade growing 13% in value and 0.2% in value.

The association said it was impacted by the slowing economies in emerging countries, as well as the devaluation of certain currencies against the euro.

It added: “The main challenge for the sector is to continue growing, recovering profitability and the leeway to continue investing in brands, distribution and technologies to generate employment.”

“Spanish companies are focusing on cost control and productivity to improve their offering of high quality products in highly competitive international markets.”

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