US shoe imports from Brazil up substantially in 2022
Brazil has seen a significant increase in footwear exports this year. This growth is a consequence of the trade war between the US and China. Brazil's footwear exports to the US for the five months of 2022 are more than 80% higher than the same period in 2021, according to Worldfootwear.com.
Brazil's footwear industry is benefiting from the trade war between the US and China and is benefiting from US demand for suppliers outside of Asia.
Figures released by the Brazilian Association of Footwear Manufacturers (Abicalçados) show that 64,24 million pairs of shoes were shipped from January to May, valued at $538,72. These figures reflect 30,3% in physical terms and 66,5% in value terms compared to the same period in 2021. In May, footwear exports from Brazil increased by 19,8% in volume terms (10,5 million pairs of shoes) and by 59,5% in value terms. ($104 million) compared to the same month last year.
Haroldo Ferreira, executive president of Abicalçados, stressed that performance in the US market is crucial to this outcome. He added that footwear exports are almost 80% higher than in the same period in 2019, before the start of the COVID-19 pandemic. In the first five months of the year, 10 million pairs of shoes worth €146,3 million were shipped to the US, up 87,2% in volume and 108,6% in value compared to the same period in 2021.
According to Ferreira, the growth in Brazil's footwear exports to the United States is due to the impact of the trade war between the United States and China, as well as the increase in the cost of freight from Asia, which "encourages buyers to look for geographically closer suppliers", in addition, Brazil's exports to South Africa also played a significant role. America, which is 30% higher than the pre-pandemic level.
Argentina became the second major market for Brazilian footwear in the first five months of 2022, with 6,82 million pairs of shoes worth $74,62 million, indicating a 64% increase in exports in volume and 93,7% in value terms. with the same period in 2021. Brazil's third export market was France, which bought 4 million pairs (up 31%) worth $29,4 million (up 25,2%).
Brazilian shoe industry
Brazil is one of the largest footwear manufacturing countries in the world. Basically, the country's footwear industry is focused on meeting the needs of the domestic market. However, 2020 has been a particularly difficult year for the sector due to the impact of the COVID-19 pandemic, with Abicalsados noting that national footwear production has dropped to 16-year-old levels and official statistics show exports hit their lowest level in a decade. However, according to the analytical yearbook World Footwear 2021, Brazil still ranks fifth among the top 10 footwear manufacturers and one of the top ten footwear consumers.
Brazil has seen a significant increase in footwear exports this year. This growth is a consequence of the trade war between the US and China. Brazil's footwear exports to the US in the five months of 2022 are more than…
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