Nantong: Footwear Export Volume up, Value Falls

CTEI News:

Footwear export volumes increased in 2009 but the total value declined, the Nantong Entry and Exit Inspection and Quarantine Bureau has said.

The city exported 62.2338 million pairs of footwear in the period, earning 169.0738 million USD a year-on-year increase of 16.65 percent in volume but a year-on-year decline of 12.26 percent in price. The average export price was $2.72 per pair.

 

The decline in value was mainly due to falling world prices and lack of high-grade customers. External demand now is still unstable and its impact is still ongoing, industrial upgrading task remains arduous. Can China gear up to sell its footwears to overseas consumers in higher price? Quality is key.