An encouraging overall picture, but the full post-pandemic recovery "was penalized by the persistence of the high costs of raw materials, which after the flare-up at the end of 2020 have not shown tangible signs of decline, and by the record peaks in energy prices, with inflation never so high in Italy since 1985".
Giovanna Ceolini, President of Assocalzaturifici illustrated the state of health of the sector at the inauguration of Micam, the international footwear exhibition, opened together with Mipel, the international leather goods exhibition and TheOneMilano, the international outwear and haut-a- porter.
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Santanchè, fashion tourism in Italy is worth 27 billion euros - Lifestyle
There will be 988 brands on display
, including 451 from international exhibitors.
Among the new brands on display Alberto Guardiani, Buffalo Boots, Cult, Kenneth Cole, Luciano Padovan, Oxs
.
Over 1500 brands on display with collections for next winter.
"We are part of the excellence of Made in Italy and the trade fair system is also a strategic sector for my ministry, because it brings quality tourism to Italy, which comes to our area and spends it", said Tourism Minister Daniela Santanchè, cutting the entrance belt to the pavilions of Fiera Milano Rho.
"Although the overall picture is encouraging, after a complex two-year period, there are some less comforting indications - explained Ceolini -. First of all, the unevenness of the recovery (2 out of 5 companies have not yet closed the gap with 2019 and many have not succeeded to overcome the crisis by ceasing to operate) and then the consequences of inflationary dynamics on company profits".
The turnover of the footwear sector in 2022 rose to 14.49 billion euros (+14% compared to 2021), recovering the 2019 levels, reinvigorated by the performance of exports (+23.3% in value), driven by the brands of the luxury, according to data from the Confindustria Moda Study Center for Assocalzaturifici.
The trade balance also strengthens (5.54 billion, +7.6%), while household consumption (+9.6%) is still unable to cancel the gap with the pre-pandemic (-2.5%).
Among the markets, rewarding results in the EU (+24.4% in value for France and +27.4% for Germany over January-October 2021).
Increases well above the average in North America (USA +60%, Canada +68%) and the Middle East (+55%).
Well - albeit with fluctuating results during the year, conditioned by the lockdowns - also China (+41% in value), but above all for the
The war causes sales to fall in Russia (-26%) and in Ukraine (-59%).
Domestically, household purchases showed limited variations (+6.7% in quantity and +9.6% in spending) but still positive.
The restart of incoming tourist flows has also restarted shopping for foreigners, albeit significantly penalized by the collapse of Russian arrivals (in addition to Chinese ones).
