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Keep reading...In the first nine months of 2024, the Italian footwear sector recorded declines in the main indicators. The declines in exports (-9.2% in value on January-September 2023) with the strong reduction in orders, had heavy repercussions on production activity (-18.9% Istat index of industrial production) and turnover (-9.7%). This is the snapshot taken by the report of the Confindustria Accessori Moda Study Center for Assocalzaturifici, which shows how, the effect of the post-Covid rebound having ended and after a 2023 of substantial stability (at least in value), 2024 closes with negative signs in all the main variables. Estimating a sectoral turnover that the first 12-month projections show slowing by -9.3 percent, to 13.2 billion euros (almost 1.4 billion less than the previous year) and with inevitable effects on business demographics and employment.
In detail, the report shows how, with reference to foreign demand, the trend is unfavorable for all product segments, with the sole exception of shoes with rubber uppers, whose exports grew by +8.2% in volume and +1.3% in value. On the other hand, shoes with leather uppers – which have always been characteristic of Italian production and cover 65 percent of foreign sales in value – recorded contractions of -7.1 percent in quantity and -8.2 percent in value.
“The reflective performance of many important international economies, in Europe and outside the EU borders, and a geopolitical context that is anything but favorable, which has seen the addition, in addition to the Russian-Ukrainian conflict, of another front of instability in the Middle East, have severely penalized footwear exports in 2024,” – commented Giovanna Ceolini, president of Assocalzaturifici.
Looking at the markets, EU partners overall show less penalizing dynamics than those related to non-EU countries. Among the latter, positive signals only from China (+1.7 percent in value, with +19 percent in quantities), Hong Kong (+8.7 percent) and especially the United Arab Emirates (+26.3 percent), despite a moderate drop in pairs for both; and then Turkey, with increases over 10% in both volume and value.
