The US Market Research Firm Expects Global Shoe Products To Cost Up To $122 Billion 900 Million.
According to the United States
Market research firm
IBISWorld's digital display, estimated
Global consumers
The cost of shoe products will rise from $107 billion 400 million in 2007 to $122 billion 900 million this year.
Alen Allday, editor in chief of the report, believes that 2.7% growth in the past five years is a good result, given the drop in consumer spending in 2009.
Although many of the market's economic environment is still difficult, but the report shows that the middle and high-end prices of European production.
Footwear products
It is expected to remain stable.
China is expected to account for 63% of global production, 40.5% of global exports and 55% of industrial income in 2012.
China's wage increase has enabled other countries in Asia, Africa and the Middle East to gain access to industry opportunities to replace China as a cheap source of production and a cheap source country.
After several years of strong growth, China's products and exports will decline in 2012.
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