AFTER falling for the past two years, exports of shoes from Elche have begun to stabilise.
Figures just released show that the levels of exports for the first three quarters of this year are already at the same numbers for the whole of 2016.
Between January and September this year, €2.13 billion has been billed for exports for 127 million pairs of shoes, and companies are facing the final quarter with increased optimism after a series of falls in the export market.
Many manufactures gambled on attracting the overseas markets for their products after the consumer crisis in Spain affected home sales, and their efforts took many by surprise.
However, the growth of the foreign market entered a dramatic slowdown in 2016 and since then the fall has been constant over a period of two years. This negative streak has now been broken by these latest figures and the manufacturers will be more than delighted with the returns as the most optimistic among them were purely hoping to end 2017 the same as last year. An increase on 2016 will be seen as a major boost, although weather conditions during the last three months of the year could yet affect the final numbers.
The recovery of a number of economies in the European Union – where most of their business takes place – has helped Spain boost its exports of footwear. Added to this, a number of contracts have been signed with Asia-Pacific countries and the Made in Spain brand will also shortly be seen in Australia.