Footwear manufacture to grow 7.3% this year
15/07/2013
“Global per capita income has trended upward, supporting consumer purchases of shoes in the long term,” said Ibis industry analyst Nikoleta Panteva.
The increasing purchasing power and the expanding number of affluent shoppers in the BRIC nations (Brazil, Russia, India and China) has underpinned growth. This, coupled with recovering demand in the US, will push industry revenue up 7.3% this year, it said.
The four largest companies are Yue Yuen Industrial Holdings, Belle International Holdings, Li Ning Company Limited and Feng Tay Enterprises, it added.
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