Footwear production in 2023 is expected to grow between 1% and 1.7%, which corresponds to a total of between 857 and 863 million pairs produced. The projection is from the Brazilian Association of Footwear Industries (Abicalçados). Unlike 2022, when the increase in production (+3.6%) was driven by exports, which grew by more than 45% in revenue compared to the previous year, the increase throughout the year must be due to domestic consumption.
Abicalçados' Market Intelligence coordinator, Priscila Linck, points out that, for 2023, with the resumption of China after a period of many restrictions due to the Covid Zero policy, and world inflation on the rise, the expectation is that Brazilian footwear exports fall in relation to 2022. “In this way, the expectation is that we reach a positive index in the sectoral production, between 1% and 1.7%, therefore above the projections of growth of the Brazilian GDP, today at 0, 9%”, he projects.
These and other projections will be discussed in the Scenario Analysis, on the 25th of April, which includes presentations by Priscila and professor and doctor in Economics Marcos Lélis. It will take place digitally from 3:30 pm. In addition to footwear production and export projections, the event marks the launch of the Footwear Industry Sectorial Report, which brings activity data, sectoral and macroeconomic analysis and projections for the short and medium term.