Industry revenue of “manufacture of footwear“ in Portugal 2011-2023

The revenue of footwear manufacturers in Portugal demonstrated a gradual annual increase between 2011 and 2017, a trend that is likely to be replicated over the next few years as well. According to estimates by Statista, the market is expected to reach approximately 3,366.4 million U.S. Dollars by 2023.

Increase in number of manufacturers

The annual consumption and gross value of footwear in Portugal demonstrated an upward trend over the last few years, a trend which has been driven in part by an increase in the number of enterprises in the footwear manufacturing industry. Moreover, the domestic manufacturing industry portrays potential for further growth as demand over the last few years has been met mainly through imports which almost doubled between 2010 and 2017.

Textile uppers, the largest selling category

Strong growth is expected in the ‘textile uppers footwear’ and ‘other plastic footwear’ categories over the next few years, with the latter accounting for the highest number of footwears sold in 2016. However, in terms of consumption value ‘textile uppers footwear’ led the table due to a higher average unit price.

Industry revenue of “manufacture of footwear“ in Portugal from 2011 to 2023

Revenue in million U.S. Dollars
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Source

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Portugal. The industry “manufacture of footwear“ has the code “C152“.

Details on the methodology can be found here.

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