Positive signs for Brazil’s footwear industry
19/10/2017
The total value of the shoes exported was $97.12 million, a figure that is 14.7% higher than the value of exports in September 2016.
The strong performance in September means Brazilian shoe companies have exported 88.37 million pairs of shoes so far in 2017 for a value of $796.6 million. These figures represent respective increases of 1.7% and 13.4% compared to the same period of last year.
The executive president of Abicalçados, Heitor Klein, said the positive results in September for Brazilian companies can be attributed to their participation in international shoe fairs earlier in the year.
He added that exports could have been even higher if the average price of Brazilian shoes overseas was more competitive. This is primarily due to the strength of the Brazilian Real against the US dollar.
Mr Klein revealed that Abicalçados expects the value of Brazil’s shoe exports for the whole of 2017 to be 4% or 5% higher than in 2016. Despite this good news, he said that the figure will still be considerably lower than in past years, lamenting “a significant drop in competitivity” in the last decade.
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