THE RIVA DEL GARDA FAIR: The Key Player at the Foro Latinoamericano de Calzado in Brazil

According to data released by Priscila Linck, market analysis coordinator for Abicalcados during the May 2024 edition of the Foro Latinoamericano de Calzado, the Latin-American bloc ranks second globally in footwear production, trailing only Asia. Data collected by Statista highlight other character...

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Bibliographic Details
Published inShoes & Accessories
Main Authors Shoes, Accessors
Format Trade Publication Article
LanguageEnglish
Published Mumbai Athena Information Solutions Pvt. Ltd 13.06.2024
Subjects
GDP
Gross Domestic Product
International relations
South America
Asia
Brazil
Latin America
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Summary:According to data released by Priscila Linck, market analysis coordinator for Abicalcados during the May 2024 edition of the Foro Latinoamericano de Calzado, the Latin-American bloc ranks second globally in footwear production, trailing only Asia. Data collected by Statista highlight other characteristics of the Latin-American market: * In 2024, revenue in the South American footwear market is estimated to reach USD 24.61 billion. * The market is expected to grow annually at a compound annual growth rate (CAGR) of 2.77% from 2024 to 2028. * Textile footwear, the market’s largest segment, is expected to have a market volume of $12.03 billion in 2024. * The United States is the bloc’s primary export destination, generating a turnover expected to be around USD 91.51 billion in 2024. * In 2024, projections suggest that 99% of footwear sales in South America will stem from Non-Luxury brands. * An exception to this trend is Brazil, where a thriving footwear market is focused specifically on high-quality and fashionable shoes. Expo Riva Schuh & Gardabags was there too with its Exhibition Manager, GianPaola Pedretti, the only participant representing an international trade fair, who effectively highlighted the unique attributes of our event to an audience eager to participate in an exhibition that opens the doors to the European market.