
Brazil - Athletic Footwear - Market Analysis, Forecast, Size, Trends and Insights
Athletic Footwear Price in Brazil Rises 4% to $27.4 per Pair
Brazil Athletic Footwear Import Price in December 2022
In December 2022, the athletic footwear price stood at $27.4 per pair (CIF, Brazil), increasing by 4.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 16% month-to-month. Over the period under review, average import prices reached the peak figure at $29.8 per pair in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($31.2 per pair), while the price for Bangladesh ($8.5 per pair) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Brazil Athletic Footwear Imports
Athletic footwear imports into Brazil soared to 592K pairs in December 2022, growing by 28% compared with the previous month's figure. In general, total imports indicated temperate growth from January 2022 to December 2022: its volume increased at an average monthly rate of +4.6% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, imports increased by +28.4% against November 2022 indices. The pace of growth appeared the most rapid in September 2022 when imports increased by 42% against the previous month. Over the period under review, imports hit record highs in December 2022.
In value terms, athletic footwear imports surged to $16M (IndexBox estimates) in December 2022. Overall, total imports indicated tangible growth from January 2022 to December 2022: its value increased at an average monthly rate of +4.9% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, imports increased by +33.9% against November 2022 indices. The most prominent rate of growth was recorded in March 2022 when imports increased by 51% m-o-m. Over the period under review, imports attained the maximum in December 2022.
Brazil Athletic Footwear Imports by Country
In December 2022, Vietnam (401K pairs) constituted the largest athletic footwear supplier to Brazil, accounting for a 68% share of total imports. Moreover, athletic footwear imports from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (130K pairs), threefold. China (31K pairs) ranked third in terms of total imports with a 5.3% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of volume from Vietnam stood at +6.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (+1.5% per month) and China (+6.4% per month).
In value terms, Vietnam ($12M) constituted the largest supplier of athletic footwear to Brazil, comprising 71% of total imports. The second position in the ranking was held by Indonesia ($3.1M), with a 19% share of total imports. It was followed by China, with a 6% share.
From January 2022 to December 2022, the average monthly growth rate of value from Vietnam totaled +7.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (+1.5% per month) and China (+3.5% per month).
This report provides an in-depth analysis of the athletic footwear market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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