THE FOOTWEAR INDUSTRY WAS ALREADY IN SLOWDOWN BEFORE THE COVID-19 PANDEMIC

2019 saw a worldwide slowdown in the footwear industry. That slowdown will certainly continue throughout 2020, given the reality of COVID-19. In 2019 footwear production and exports grew by 0.6% and 0.1%, respectively. Data are taken from the World Footwear 2020 Yearbook just released by APICCAPS, the Portuguese Footwear Association. Over the course of the last 10 years, during which the World Footwear Yearbook has been published, worldwide footwear production has increased by 21.2% and global exports have grown by 10.6% in volume and by 59.1% in value

Source: APICCAPS