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Footwear prices to increase 11%
Our panel of experts expects footwear prices to increase over the course of the next six months. This is one of the main conclusions of the World Footwear Business Conditions Survey conducted in November. Read more about it today
Our panel members' perspectives on the evolution of footwear prices in their countries over the next six months are optimistic. Most respondents expect prices to increase strongly (between 5% and 20%) and more than 3 out of every 4 believe they will increase.
This sentiment among respondents is common to every line of business and role in the organization, but larger organizations expect prices to stabilize or decrease rather than grow.
On average, our panel members expect prices to increase 11% over the next six months.
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Contents
Executive Summary
Business Context
Health of the Business
Employment Level
Prices
Quantity
Difficulties
Retail Channels
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About SurveyAbout 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 seventh edition of this online survey was conducted in November 2022. We have obtained 91 valid answers, 57% coming from Europe, 22% from Asia, 8% and 9% from North and South America, respectively, and 4% from Africa. About 30% of the respondents are involved in footwear manufacturing (manufacturers), 18% in footwear trade and distribution (traders), and 52% in other footwear-related activities such as trade associations, consultancy, journalism, etc (others).
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 seventh edition of this online survey was conducted in November 2022. We have obtained 91 valid answers, 57% coming from Europe, 22% from Asia, 8% and 9% from North and South America, respectively, and 4% from Africa. About 30% of the respondents are involved in footwear manufacturing (manufacturers), 18% in footwear trade and distribution (traders), and 52% in other footwear-related activities such as trade associations, consultancy, journalism, etc (others).
Previous Editions of this Bulletin can be found HERE
