China loses supremacy
Enrico Cietta, president of the Scientific Committee of Expo Riva Schuh, has released a report demonstrating China's reduced impact on the international footwear market, although it remains the world's leading manufacturer in the post-pandemic context.
Cietta explained that both production and exports from the Asian giant have decreased when comparing figures from 2017 and 2022. While the results are not alarming, the recovery capacity of other countries has been significantly higher, capitalizing on China's downward trend.
When analyzed by continent, the weakening of traditional buyers such as Europe and America stands out. However, strong performance has been observed in Africa and Asia, according to the report.