All Market Statistics articles
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ArticleRussia shoemakers cut production as the business environment worsens
Several shoe factories have stopped or curtailed operations in Russia over the past few months as the economic environment in the country grows more challenging. For instance, the Romer shoe factory in Kaluga, with a nameplate capacity of 470,000 pairs of shoes per year, has been permanently closed. In the ...
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ArticleEuropean footwear consumption seen anemic in 2025
Europe is expected to lag all other continents in terms of footwear consumption this year, according to a survey of experts published in the latest Business Condition Survey of World Footwear. On average, global footwear consumption, in volume, is forecast to rise by 8.4 percent in 2025 compared with 2024, ...
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ArticleItalian footwear manufacturers revenues seen down by over 9% in 2024
In the third quarter of 2024, revenues of Italian footwear manufacturers fell by an estimated 10.9 percent year-on-year, a slight acceleration compared with the first half of the year, when turnover fell by 9.1 percent. Over the first nine months of 2024, the industry’s revenues are estimated to have fallen ...
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Vietnam GDP up over 7% in 2024
Vietnam’s GDP rose by 7.09 percent in 2024, beating the government’s expectations and driven by a 14 percent increase in exports, according to the statistics office GSO. Officials had anticipated a GDP growth of 6.5 percent. In 2023, Vietnam’s GDP rose by 5.05 percent. The government has set a GDP ...
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Vietnam’s leather, footwear, handbag exports up by over 11% in 2024
In 2024, Vietnam’s leather, footwear and handbag exports totaled an estimated $27 billion, up by 11.45 percent from the previous year, according to Lefaso, the Vietnam leather, footwear and handbag association. Lefaso had forecast exports reaching between $26 billion to $27 billion. North America accounted for 41.4 percent of Vietnam’s ...
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ArticleSurveys paint a bleak picture of Germany’s holiday season sales
The shopping period leading up to the holiday season has brought more disappointment than cheer for both Germany’s online retailers and brick-and-mortar stores. The grim picture was painted by two surveys: the report of the German retail association, HDE, on brick-and-mortar sales in the week leading up to Dec. 15, ...
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Cambodia's footwear exports grow by over 24%
Cambodia exported $12.22 billion worth of garments, footwear and travel goods in the first eleven months of 2024, up by 24.9 percent from a year earlier, according to the Ministry of Commerce. Garments and textiles exports were up by 25.8 percent to $8.94 billion, while footwear grew by 24.3 percent ...
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French footwear sales slip in November
In November, French footwear retail sales fell by a seasonally and working-day adjusted 0.7 percent month-on-month, according to the Bank of France. Overall, French retail sales were stable month-on-month after a decrease of 0.1 percent in October. Sales volumes of manufactured goods also remained stable over the two months, while ...
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French footwear exports flat
In the first 10 months of 2024, French footwear exports totaled €4.6 billion, in line with the same period last year, according to Alliance France Cuir. Overall exports of French leather goods increased by 3 percent to €10.7 billion over the period.
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Italian GDP seen up 0.5% in 2025
The economic research institute Prometeia has cut its forecast for gross domestic product (GDP) growth in Italy this year to 0.5 percent from a previous 0.8 percent. In an economic forecast report, Prometeia estimated that GDP in Italy would also rise by 0.5 percent in 2025. Growth is expected to ...
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German GDP growth seen weak in 2025
Germany’s calendar-adjusted gross domestic product (GDP) is now expected to rise just 0.2 percent in 2025 after a projected 0.2 percent decline this year, according to the latest bi-annual forecasts from the Bundesbank, the German central bank. In its previous forecast released in July, the Bundesbank forecast GDP growth of ...
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ArticleRussia’s footwear imports are declining
During the first nine months of 2024, Russia imported 261.6 million pairs of shoes, 11.2 percent less than the previous year, according to the Russian Center for Prospective Technologies, a government agency monitoring the retail industry. In the third quarter of 2024, the agency stated that imports were 9.7 percent ...
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Germany GDP may be hit by US tariffs
Tariffs pledged by US President-Elect Donald Trump could cost Germany about 1 percent of its gross domestic product (GDP), said Joachim Nagel, president of the Bundesbank, Germany’s central bank, and member of the European Central Bank’s governing council. “If the tariff plans are implemented, it could cost us 1 percent ...
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Global personal luxury goods market set to drop by 2% in 2024
In 2024, the global market for personal luxury goods is expected to fall by 2 percent to €363 billion, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. In 2025, the global market for personal ...
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Brazil expects to produce over 900 million pairs of shoes in 2025
Brazilian footwear manufacturers expect to produce more than 900 million pairs of shoes in 2025, thus returning to levels last seen before the Covid-19 pandemic hit the country in 2020. In 2019, the country produced 898 million pairs. Due to the disruption caused by Covid-19-related lockdowns, footwear production dropped to ...
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German consumer sentiment improves
In November, German consumer sentiment is expected to improve to -18.3 points from -21.0 points in October, according to a survey published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM). The preliminary reading for October was -21.2 points. “Following the slight improvement in the previous month, the ...
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Germany’s birth rate declines massively
Germany’s birth rate has decreased “massively” to reach 1.35 children per woman, according to the research institute Ifo. “Germany is currently experiencing a massive decline in births. In eastern Germany, in particular, far fewer children are being born than in the past,” Ifo said. “The coronavirus crisis, the outbreak of ...
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ArticleSpanish footwear exports up in the first seven months of 2024
Spain’s footwear exports amounted to €2,056.5 million in the first seven months of 2024, up by 6.4 percent compared to the same period in 2023. Meanwhile the number of pairs shipped to foreign markets amounted to 105.8 million, rising by 8.6 percent year-on-year, according to data released by Fice, the ...
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ArticleGerman leather goods industry suffers steep sales drop
According to the German footwear and leather goods trade association, HDS/L, the German leather goods industry faces a challenging second half of 2024, with sales falling and both imports and exports declining, reflecting broader economic pressures. The leather and leather goods manufacturing sector, excluding footwear and clothing, saw a significant ...
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German economy under increasing pressure
In September, the business climate in Germany decreased to 85.4 from 86.6 in August, marking the fourth consecutive month of decline, according to the latest survey released by think tank Ifo. The figure was below economists’ expectations of a reading of 86.1 for the month. “The German economy is coming ...
