Brazilian footwear exports decreased by 66% in

http://footasia.blogspot.com, Brazil, footwear, footasia

Data prepared by the Brazilian Footwear Industries Association (Abicalçados) indicates that 2.7 million pairs were shipped in May, generating 23.9 million US dollars of revenue. This resulted in decreases both in volume (-64.7%) and in value (-66%)

The new coronavirus pandemic keeps impacting the results of Brazilian footwear exports. Data prepared by the Brazilian Footwear Industries Association (Abicalçados) indicates that 2.7 million pairs were shipped in May, generating 23.9 million US dollars of revenue, and resulting in decreases both in volume (-64.7%) and in value (-66%) when compared to similar month in 2019. With this result, in the first five months of 2020 Brazilian footwear exports totaled 39.53 million pairs and 294.9 million US dollars, declining by 22.1% and 28.7%, respectively, compared to similar period in 2019.

Abicalçados' Executive President, Haroldo Ferreira, highlights this is an expected result as orders have been shrinking since the beginning of the year: "In 2020, we did not have any positive results in relation to 2019, but the decreases became more significant as the months went by. Exports will likely stabilize or decrease less only in the last quarter of the year. The year 2020 will likely end with a setback of 30% in shipments", he foresees.

He underlined that the industry's exports will probably return to the levels registered in the 1980s. According to him, in addition to the declining international demand, impaired logistics and the increasingly fierce competition from Asian manufacturers, whose economies were reactivated long before Brazil, explain the decreased exports.

The main destination of Brazilian shoes in the first five months of the year was the United States, with 3.8 million pairs sold for 57.7 million US dollars, decreases of 32.3% and 32.1%, respectively, compared to the similar period last year. The second destination was Argentina, which imported 2.88 million Brazilian pairs paying 29.47 million US dollars, decreases of 3.8% in volume and of 21.7% in revenues in comparison with the same period in 2019. Completing the three main destinations, France imported 2.68 million Brazilian pairs and paid 19.52 million US dollars, decreases of 17.8% and 10.7%, respectively, compared to the same period in 2019.

Comments

ACLE 2020 rescheduled to 2021

In face of the unprecedented global COVID-19 pandemic, the organisers of All China Leather Exhibition (ACLE), APLF and the China Leather Industry Association (CLIA) have decided to postpone the 2020 event for next year China has enforced 14-day quarantine orders which would make it impossible for international exhibitors and visitors to attend ACLE. On top of that, on the 3rd of July, the Ministry of Commerce, the Ministry of Public Security and the National Health Commission of the People’s Republic of China jointly issued a COVID-19 Safety and Prevention Guidelines for the Organisation of Exhibitions, requesting that "large-scale, foreign-related exhibitions be held cautiously", with strict requirements including limiting the number of attendees. "Under these circumstances and after several in-depth communications, the organisers, in view of the health and safety of our exhibitors and buyers and the impact on the exhibition, made the hard decision to announ...

pineapple leather uses in footwear industry

Pineapple leather, also known as Piñatex, is a sustainable and cruelty-free alternative to traditional leather derived from pineapple leaf fibers. In the footwear industry, pineapple leather has gained popularity for its eco-friendly properties and versatility. Here are some common uses of pineapple leather in footwear: 1. Uppers: Pineapple leather can be used as a substitute for animal-based leather in the creation of shoe uppers. The material is processed and treated to create a durable and flexible textile that can be shaped into different components of the shoe, including the outer layer. 2. Lining and Insoles: In addition to uppers, pineapple leather can also be used for shoe linings and insoles. These components provide comfort, moisture-wicking properties, and a sustainable alternative to traditional materials. 3. Trims and Details: Pineapple leather can be utilized for various trims and details in footwear, such as decorative elements, logos, patches, or accent...

Kering with double-digit drop in revenue

Kering with double-digit drop in revenue The luxury group announced the results for the first half of the year, marked by double digit decline in revenue. Kering name this the toughest period they ever faced “It is fair to say that the first half of 2020 has been the toughest period we have faced - we stand in solidarity with all who are suffering through this situation and acknowledge the remarkable contribution of all our associates. Our results today underscore the extent of the disruption exacted by the pandemic on our operations. Even more importantly, the resilience of our performances validates our model and supports our confidence that we will come out of this crisis even stronger. We entered 2020 in a particularly solid position - our global scale, the desirability and agility of our brands, and our values of sustainability and responsibility, all are key assets in weathering current conditions. Our strategic vision is only reinforced by the crisis and, with the be...

Footasia

Search This Blog