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Footwear prices expected to increase by 8.4%
According to the members of the World Footwear Business Conditions Survey prices of footwear are expected to increase over the next six months. Read all about this and all the conclusions of the survey conducted last month
Expectations for the evolution of footwear retail prices are mostly on the upside: half of our experts expect prices to increase strongly (between 5% and 20%), and 35% expect them to increase moderately (between 1.5% and 5%) over the next six months. Only 3% of respondents expect prices to fall. These prospects may reflect the expected impact of increasing production costs – namely, energy – on prices.
On average, our experts worldwide expect that footwear prices will increase some 8.4% over the next six months, with a maximum of 9.8% in Europe and a minimum of 5.7% in North America.
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Contents
Executive Summary
Business Context
Health of the Business
Employment Level
Prices
Quantity
Difficulties
Retail Channels
Average Growth of Footwear Consumption to Reach 5.9%
Footwear Prices Expected to Increase
War on Ukraine to Negatively Impact Footwear
About Survey
About the Survey
In 2019 the World Footwear has created the World Footwear' expert panel and is now conducting a Business Conditions Survey every semester.
The objective of the World Footwear Experts Panel Survey is to collect information regarding the current business conditions within the worldwide footwear markets and then to redistribute such information in a way it will provide an accurate overview of the situation of the global footwear industry.
The sixth edition of this online survey was conducted during the month of April 2022. We have obtained 108 valid answers, 48% coming from Europe, 22% from Asia, 14% and 9% from North and South America, respectively, and 7% from Africa. Half of respondents are involved in footwear manufacturing (manufacturers) or footwear trade and distribution (traders) – 32% and 18%, respectively – and the other half in other footwear-related activities, including trade associations (20%), consultancy, journalism, etc.
