It is reported that China's footwear production is undoubtedly the world's first, with a market share of 55.8%. Portugal is the 21st largest footwear producer in the world, ranking 13th in the world in value, reaching $2.257 billion. Among them, leather shoes are the main products, accounting for 69% of the export, so Portugal ranks 8th among the world's leather shoe exporters; plastic rubber shoes and cloth shoes account for 13% and 9% respectively. Among the top ten producers, only one is the European country - Italy.
The number of imported footwear from China has nearly doubled in the past five years. In 2018, Spain remained the main footwear import market, accounting for 32% of the total (21.2 million pairs) and 36% of the total value ($275 million). Although China accounts for more than 23.6 million pairs, its value is only 13% - $97 million.
According to the report, due to logistics and taxation issues, many Spanish companies' shoes are native to Asia and then imported to Portugal, so the price will be higher. Part of the reason for China’s import growth is related to domestic demand: “Portuguese industry has great advantages in leather footwear, especially in winter footwear, so some companies will try to import products to complement summer sandals.”
In terms of Portuguese exports, Portugal's main partners are France, Germany, the Netherlands, Spain and the United Kingdom, with a total export of 61.6 million pairs (74% of total exports), valued at 1.558 billion euros (68% of total exports). The average export price rose 0.9% from the previous year to $26.78 per pair.
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