Light at the end of the tunnel for Brazil’s footwear sector
04/01/2019
Despite these increases, and the growth also recorded in October, for the first 11 months of 2018, Brazil’s shoe exports were down 8.6% in volume and 9.8% in value compared to the same period of 2017.
The executive president of Abicalçados, Heitor Klein, said the balance of shoe exports for the whole year is still highly unlikely to exceed that of 2017. This is primarily down to a poor first half of 2018, which was in part caused by an eleven-day strike by truckers in the country.
He was more optimistic about the possibilities for 2019, revealing that he expects the recovery of Brazil’s footwear exports to continue. He also suggested that the country could benefit from the ongoing trade dispute between the US and China as North American customers seek alternative options.
Share this story:
