Wrong foot: A depreciating dollar will likely make industry products more affordable internationally
Shoe & Footwear Manufacturing in Canada While operating conditions for the Shoe and Footwear Manufacturing industry in Canada have been positive over the five years to 2019, the industry still struggles against rising imports. Both per capita disposable income and consumer expenditure are expected to rise in Canada during the five-year period, driving rising domestic demand for industry products. Import penetration is high. Footwear manufacturers in developing countries have a significant advantage in terms of cost structure over industry operators, as they spend significantly less on labour. As a result, foreign manufacturers can keep product prices low. Over the five years to 2024, IBISWorld forecasts industry revenue will decline. An anticipated increase in the Canadian-dollar effective exchange rate index, indicating an appreciation of the Canadian dollar against other major currencies, will likely cause industry products to become less affordable internationally, driving down industry exports.
The Shoe and Footwear Manufacturing industry in Canada manufactures footwear for adults and children. Orthopedic footwear and specialist athletic footwear, such as skates or roller blades, are not included.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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