Representatives of the Portuguese shoe industry suggest that after several years of steady growth in order volumes, a gradual decline in export supplies will begin in the coming months, due to the deterioration of the economic situation in major sales markets.
The enterprises of the industry export 1,3 billion euros worth of their products annually, but the ongoing global economic crisis may make significant adjustments to these figures.
The chairman of the Portuguese Association of the shoe and leather industry, Paulo Gonçalves, believes that the slowdown in the global economy cannot but affect the performance of the national shoe industry, which operates almost exclusively for export.
According to him, up to 95% of footwear produced in Portugal is intended for deliveries abroad by orders of various foreign partners. If there are fewer orders (and this is exactly what goes), then the number of shoes produced will be significantly reduced.
According to the latest data from the National Institute of Statistics, in the first eight months of the year, shoe production in Portugal grew by more than 20%. This indicator was the best for the last 17 years. Portuguese shoes are delivered today in 132 countries of the world. The surplus from the sale of this type of product is about 900 million euros.
Today it is the best indicator for the entire Portuguese economy, for all types of products manufactured in the country. In many markets, Portuguese shoe brands are becoming recognizable and quite competitive in terms of price and quality.