Brazil: Footwear Market 2023

Footwear Market Size in Brazil

In 2022, the Brazilian footwear market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, showed a perceptible decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Footwear Production in Brazil

In value terms, footwear production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Footwear Exports

Exports from Brazil

In 2022, the amount of footwear exported from Brazil rose sharply to X pairs, increasing by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, footwear exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X pairs), Argentina (X pairs) and Paraguay (X pairs) were the main destinations of footwear exports from Brazil, together accounting for X% of total exports. Colombia, France, Peru, Spain, Angola, Bolivia, Ecuador, Israel, Chile and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for footwear exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per pair in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to Spain ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Brazil

In 2022, supplies from abroad of footwear was finally on the rise to reach X pairs for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a slight slump. Over the period under review, imports hit record highs at X pairs in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, footwear imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear supplier to Brazil, with a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), twofold. The third position in this ranking was held by Indonesia (X pairs), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of footwear to Brazil, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, approximately reflecting the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per pair. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per pair), while the price for Paraguay ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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