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Brazilian footwear industry “in crisis”
2014/8/13 10:29:46 Source: Leatherbiz Author: 点击率:

Brazilian footwear manufacturers shipped 71.9 million pairs of shoes to overseas customers in the first seven months of 2014, which represents a decline of 3.1% year on year.

Export earnings in the January-July 2014 period were $608.7 million.

President of footwear industry association Abicalçados, Heitor Klein, has said the industry in Brazil is showing signs of being “in crisis”.

In comments to local media, Mr Klein said a recent increase in the value of the dollar compared to the Brazilian real ought to have helped Brazilian shoe companies’ export performance. “The fact that it hasn’t is symptomatic of a sector in crisis,” he said.

Mr Klein explained that the Brazilian shoe sector is struggling badly because of “the loss of its second-biggest market (after the US), Argentina”, and because of ongoing increases in production costs.

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