Brazil records export boost
Image © Mariordo
Brazilian footwear companies exported 8.5 million pairs during April, according to the Abicalçados industry body. These figures are said to represent a growth of 76 per cent over 2020, and revenue totalled $65 million (£45.9 million) – a year-on-year increase of 115 per cent. During the first four months of 2021, exports reportedly totalled 40.5 million pairs for an overall revenue of $258.8 million (£182.6 million). However, while volume increased by 10.1 per cent, year-on-year revenue declined by 4.6 per cent.
From January to April, 10.5 per cent of the country’s footwear exports went to the USA, which represented the highest single share of shipments. Argentina was the second-biggest export market, taking 7.8 per cent of the share, followed by France on 6.8 per cent. Each of these markets registered substantial increase in both value and volume. Abicalçados’ current projection is for a 13 per cent growth in export volume during 2021.
This article was originally published on page 3 of the June 2021 issue of SATRA Bulletin.