US footwear manufacturing up 12% in 2012
07/01/2014
Consumption grew by 4.9% by value in the year to a record $72.4 billion at retail, due to factors including increased costs throughout the supply chain.
US manufacturing of footwear grew 12% in 2012 while imports, which account for 98.6% of the market, declined by 0.1%.
Imports from China declined 2.7% but the country still accounts for more than eight out of 10 shoes sold in the US.
On average, every man, woman and child in the US spent $230 on seven pairs of shoes in 2012.
"While reshoring efforts are making a measurable impact in the apparel and footwear industry, the vast majority of products are still made outside our borders," said AAFA president Kevin Burke. "Trade agreements with our global partners remain a large part of the sourcing decisions made by executives every day. As companies continue to diversify away from China, increased utilisation of Free Trade Agreements and passage of legislation such as the Affordable Footwear Act will benefit everyone.”
Share this story:
