Import growth worries Abicalçados
19/03/2009
The Brazilian Footwear Industries Association (Abicalçados) has reported a significant drop in exports in the first two months of 2009, while the growth-rate of imports has continued.
The value of exports was $280.1 million, a decline of 24% compared to the figures for January and February last year. The decline in the volume of shoes exported from Brazil was higher at 26%, with 28.8 million pairs going to external markets over the two months, compared to 39 million for the same period in 2008.
The average price per pair was the only piece of good news in the Abicalçados announcement. At $9.71 per pair, Brazilian shoes are now worth 2.8% more on the global market than they were a year ago.
At the same time, the value of footwear imports for the two months increased by 49% to reach a total value of $40.8 million. Commenting on this, Abicalçados president, Milton Cardoso, said: “We are very worried about this situation. Brazil is losing ground in the international marketplace, but is being continuously subjected to imports from China.”
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