Global footwear production fell by 6 per cent in 2023 to 22.4 billion pairs, the lowest in a decade, according to the World Footwear Yearbook.
Asia produced 87.1 per cent of global footwear, with China leading at 55 per cent.
Consumption dropped in major markets, including the US, China, and the EU.
Exports decreased by 9.1 per cent in volume.Global footwear production fell by 6 per cent in 2023 to 22.4 billion pairs, the lowest in a decade, according to the World Footwear Yearbook.
Asia produced 87.1 per cent of global footwear, with China leading at 55 per cent.
Consumption dropped in major markets, including the US, China, and the EU.
Exports decreased by 9.1 per cent in volume.
