In the latest edition of the World
Footwear Business Conditions Survey, our panel members predicted an
increase of 7.3% in footwear prices over the next six months. Get free
access to the report with the main conclusions.The latest statistics on international trade in 2022 indicate a positive trend in global footwear imports
during the second half of the year. Despite the uncertain evolution of
the global macroeconomic scenario, the economic growth forecasts are
optimistic.
According to our panel members, footwear prices are expected to increase by an average of 7.3% and the quantity of footwear sold by 3% in the next six months. Most of our respondents anticipate robust business health during this period, with no significant changes expected in the employment level.
In this edition of the Bulletin, the cost of merchandise or raw materials is still the main concern for footwear businesses,
but a lower percentage of respondents raised this issue compared to the
previous edition (59% vs. 81%). Other concerns include weak demand and
financial difficulties.
Regarding the forecast for footwear consumption in 2023, our panel members predict an average increase of 7.8%
in global consumption. If this forecast is accurate, footwear
consumption will increase by approximately 1.6 billion pairs worldwide.