Footwear Exports Earn $82 Million in 11 Months, Down 20% YOY

A total of $82 million worth of different types of footwear were exported from Iran during the current Iranian year’s first 11 months (March 21, 2021-Feb. 19), registering a 20% decline compared with the similar period of last year, according to a member of the Association of Managers and Experts of Iran’s Shoe Industry.
“Footwear exports stood at close to $105 million in fiscal 2020-21,” Ali Lashgari was also quoted as saying by IRNA.
According to the official, Iran’s footwear market is valued at $2 billion per year.
“Over the past few years and after the reimposition of economic sanctions, local producers managed to increase their market share from 75% to 95% last year,” he added.