China's hashtag#Footwear export value stood at 13.31 USD billion
In Q1 2022, China's hashtag#Footwear export value stood at 13.31 USD billion, slightly decreasing to 13.19 USD billion in Q1 2023, and further dropping to 12.54 USD Billion in Q1 2024, a 6.14% decrease from Q1 2022. This trend indicates a gradual decline in China's footwear hashtag#exports over the three-year period....... This decline in export values can be attributed to multiple factors, including shifting market dynamics and external challenges faced by major footwear brands like Nike and H&M...... These companies have reported inventory and demand issues, with Nike Inc. specifically projecting a mid-single-digit decrease in revenues. Additionally, the overall market for shoe imports in the US, a key market for Chinese footwear, saw a significant reduction of 37.7% in Q1 2024 compared to Q1 2022. These factors collectively contribute to the observed decrease in China's footwear export values.
Kaynak: Evrim
