São Paulo – Footwear exports from Brazil were up 13.8% year-on-year in November to 9.55 million pairs, the Brazilian Footwear Industry Association (Abicalçados) reported this Tuesday (8). Revenue was down 23.8% to USD 53.4 million.
Flip flop exports soared by 52% year-on-year. ANBA had anticipated this trend in an article last September.
Abicalçados said sales results in November are in line with expectations of a gradual recovery of foreign trade. Nevertheless, whole-year sales are expected to decline by 27% in 2020, Abicalçados CEO Haroldo Ferreira said.
Year-to-date through November, exports were down 19.4% to 84.48 million pairs, while revenue was down 32.8% to USD 598.73 million.
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In addition to a pickup in flip flop sales, Ferreira remarked that the strong dollar-to-real ratio enabled more competitive pricing with no detriment to profitability. “Moreover, the international market is tending towards recovery, and that should be confirmed by the eagerly awaited Covid-19 vaccine and the green light for brick-and-mortar retail,” he said.
Year-to-date through November, the United States led sales from Brazil at 8.5 million pairs and USD 126.7 million, down 22% in volume and 30.9% in revenue from a year ago. Argentina ranked second, and France ranked third.
Translated by Gabriel Pomerancblum
