In the first half of 2024, Portugal’s footwear industry exported over 36 million pairs of shoes valued at €843 million, marking a year-on-year growth of 5.4% in volume and 3.7% in value, according to APICCAPS, the Portuguese Footwear, Components, Leather Goods and Related Products Industry Association.
“This has been a very demanding year for the footwear industry globally,” said Luís Onofre, president of APICCAPS, in a statement. “But the Portuguese industry has been gaining market share against major international players.”
With over 90% of production exported to 170 countries, Portuguese footwear has shown resilience despite global challenges. “This diversified export base enables us to maintain a positive overall performance,” said Onofre.
Still, APICCAPS warns that the sector’s success will depend heavily on how global economies perform in the second half of the year, which will be crucial to consolidating 2024 as a year of progress for Portuguese footwear abroad.
After a difficult start to the year marked by uncertainty and double-digit export declines, sales to the U.S. market have begun recovering. Exports to the United States totalled €40 million in the first half—down 6.4% year-on-year.
“This has been a very demanding year for the footwear industry globally,” said Luís Onofre, president of APICCAPS, in a statement. “But the Portuguese industry has been gaining market share against major international players.”
With over 90% of production exported to 170 countries, Portuguese footwear has shown resilience despite global challenges. “This diversified export base enables us to maintain a positive overall performance,” said Onofre.
Still, APICCAPS warns that the sector’s success will depend heavily on how global economies perform in the second half of the year, which will be crucial to consolidating 2024 as a year of progress for Portuguese footwear abroad.
After a difficult start to the year marked by uncertainty and double-digit export declines, sales to the U.S. market have begun recovering. Exports to the United States totalled €40 million in the first half—down 6.4% year-on-year.
