The global shoe market is booming
17.12.2013 3618

The global shoe market is booming

The global shoe market is experiencing a real boom in consumption, said analyst at AForex financial company Narek Avakyan. In 2013, according to the expectations of industry participants, the volume of production will exceed 23 billion pairs, which in monetary terms amounts to over $ 900 billion.

According to the expert, even in the crisis year of 2009, production grew, which means that the world footwear market is highly stable from the external economic situation. Moreover, the main share of consumption in the structure of consumers is women (2/3 of the market). In the future, the market will continue its dynamic growth. In the next 3 years, the market volume may exceed 30 billion pairs.

The global footwear market is experiencing a real boom in consumption, said Narek Avakyan, an analyst at AForex financial company.

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