In 2023, a greater role for the domestic market
Among the projections for 2023, ABICALÇADOS (Brazilian Footwear Industries Association) forecasts a 1.6% increase in the sector's production and a 5.7% drop in foreign sales of footwear.
Haroldo Ferreira -executive president of the entity-, affirmed that exports in 2023 would be rearranged, after the important performance they had the previous year. As a consequence, the performance of the internal market would be the one that prevails during that year.
The leader added: "Even forecasting a more difficult year than 2022, we will grow, as usual, above the Brazilian GDP, which has a growth forecast of 0.75% for 2023", according to reports from the industrial entity.