The footwear industry is strongly concentrated in Asia where almost 9 out of every 10 pairs of shoes are manufactured. Asia slightly reinforced its dominance in the international scene over the last decade with its share of the world production increasing by some 2 percentage points, mostly at the expense of South America. Africa, Europe…
Footwear production worldwide has increased by 21.2% since 2010 at an average yearly growth rate of 2.2%. In 2019 the industry slowed down, growing only by 0.6% over the previous year, but this was enough to establish a new production record of 24.3 billion pairs, according to World Footwear Yearbook 2020 report.
The global leather goods market size is expected to reach USD 629.65 billion expanding at a CAGR of 5.4% by 2025, according to a new report by Grand View Research, Inc.
The global market for children’s footwear is expected to grow by $8.65 billion between 2020 and 2024, representing an average annual increase of almost 4 percent, with the launch of exclusive designer footwear being instrumental in driving the market higher, according to the research and advisory firm Technavio.
Brazil’s footwear production could fall by between 21.0 and 29.2 percent this year to 643.4-717.5 million pairs due to the impact of the Covid-19 pandemic, according to a survey released by Abicalçados, the country’s association of footwear manufacturers.