Spain Exports 124 Million Footwear Pairs Generating €2.43 Billion in First 8 Months of 2024

Spain Exports 124 Million Footwear Pairs Generating €2.43 Billion in First 8 Months of 2024

Spain’s footwear industry continues to thrive in 2024, showcasing resilience amid global economic challenges. In the first eight months of the year, Spain exported 124.6 million pairs of shoes, generating a total revenue of €2.43 billion, according to the World Footwear Yearbook 2024.

This represents an 11% increase in volume and a 7.4% rise in value compared to the same period in 2023. However, the average price per pair declined slightly, dropping from €20.14 in 2023 to €19.48 in 2024.

The Spanish footwear industry has made significant strides despite facing global headwinds, including declining consumer spending, inflationary pressures, and a tense geopolitical climate.

In 2023, the sector experienced mixed results, with a slight decrease in the total volume of exports and imports but an uptick in their overall value.

A closer look at Spain’s top export destinations:

  • Italy:
    The leading importer, accounting for 20% of total exports with a value of €494 million.
  • France:
    A close second, contributing 17% (€405.1 million) to export revenue.
  • Germany:
    Represented 10% (€235.7 million) of Spain’s footwear exports.
  • Portugal:
    Maintained a solid share of 9% (€213.4 million).

Other notable markets included Poland and the United States (6%), with smaller but significant shares from the United Kingdom and the Netherlands (3%). Collectively, all other countries contributed 26% to Spain’s total footwear export value.

Spain’s strong foothold in international footwear markets can be attributed to several factors:

  1. Quality Craftsmanship:
    Spanish shoes are widely recognized for their superior quality and stylish designs.
  2. Adaptability:
    The industry has been quick to respond to changing consumer preferences and global trends.
  3. Strategic Pricing:
    Competitive pricing has enabled Spanish manufacturers to expand their market share, even as the average price per pair decreased slightly.
  4. Diversified Markets:
    Spain’s broad range of export destinations minimizes dependency on any single market.

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Arshad

Arshad

He is an engineer specializing in Leather Technology, known for his keen interest in analyzing global leather, footwear, and leather goods markets & his ability to make complex information clear & accessible. 

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Spain Exports 124 Million Footwear Pairs Generating €2.43 Billion in First 8 Months of 2024