Brazilian footwear industry expects sales to start recovering in Q4. The sector was strongly affected by the store closings in the pandemic, but ecommerce helped mitigate losses and there are already export orders.
Browsing: Abicalçados
After sliding for four months on end, foreign sales of shoes from Brazil climbed in June over May. Year-over-year, however, exports are down almost 50%.
Year-on-year through April saw a hike in exports to Kuwait, Libya, Morocco, Bahrain, Oman, Sudan, Jordan and Tunisia.
Q1 saw shipped volume drop 14.6% year-on-year to 2.5 million pairs of shoes shipped, with revenue sliding 11.1% to USD 14.7 million.
Abicalçados reported a 0.9% decline in revenue and a 0.9% increase in volume shipped year on year. UAE were the 14th largest market of the year.
Year-to-date through November, exports of the product significantly climbed in volume.
Brazilian footwear exports to the United Arab Emirates hiked 86.4% in volume and 40.9% in revenue year-to-date through August from a year ago.
Brazil shipped 7.9 million pairs, up 65% year-on-year. Revenues climbed 44% to USD 84.35 million.
The United States purchased more, but the result is due to a decrease in sales to Argentina.
