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The new trend in international trade predicts that the average price of footwear will increase by 7.3% in the next six months! According to the latest "World Footwear Business Market Survey" expert group, it is predicted that shoe prices will rise by 7.3% in the next six months.

According to international trade statistics in 2022, there were positive signs of global footwear international trade imports in the second half of 2022. Although the development of Global macro environment is still uncertain, the prediction of economic growth is optimistic.

According to the prediction of the survey expert group members, it is expected that the sales prices of footwear will increase by an average of 7.3% in the next six months, and the sales volume is expected to increase by 3%. The majority of respondents surveyed expect that the footwear sales business will maintain stable growth during this period, but there will be no significant changes in employment levels. The survey report pointed out that the cost of raw materials for shoe making remains the main concern of shoe making enterprises. Compared with the previous report, the proportion of surveyed enterprises that focus on cost issues has decreased (59% vs 81%). More companies are paying attention to market demand and funding issues.

Regarding the footwear consumption market in 2023, the expert group predicts that global international trade market consumption will increase by an average of 7.8%. If the prediction is accurate, the consumption of footwear in the global international trade market will increase by approximately 1.6 billion pairs.

This survey was conducted through online questionnaires, with a total of 130 valid questionnaires received. Among them, 42% came from Asia, 38% from Europe, 9% from North America, 6% from South America, and the remaining 5% from Africa. About 22% of the respondents are engaged in shoe manufacturing (manufacturers), 13% are engaged in shoe trade and distribution (traders), and 65% are engaged in other shoe related activities such as trade associations, consulting, news organizations, etc.