Brazil loses ground to China in footwear sales to Argentina

10 April 2007

Buenos Aires, Argentina, 10 April – In 2006 Brazil maintained its position as the biggest seller of footwear to Argentina but lost ground to exporting companies from China, Uruguay and Vietnam, according to a report published Monday in Buenos Aires.

The report, by consulting company Investigaciones Economicas Sectoriales showed that the market share of Brazilian footwear in Argentina was 74 percent in 2004 and 66 percent in 2005, a year in which Argentina imported 20.3 million pairs of shoes.

In 2006, Argentina imported 24.2 million pairs of shoes and China was the second-largest supplier with a market share of 25.4 percent, against 22 percent in 2005 and 17 percent in 2004.

In the first two months of 2007, Argentina imported 3 million pairs of shoes to a total value of US$35.8 million, a fall of 10.5 percent in volume and rise of 2.2 percent in value against the same period of 2006. (macauhub)