Shoe Exports Decline in First Quarter

The Producer Price Index for shoe industry has exceeded the general inflation and Iran-made shoes lost their comparative advantage in exports, Ali Lashgari, a member of Iran Shoe Industry Association, says.
The official added that shoe exports in the first quarter of the current Iranian year (March 21-June 21) decreased by 6.8% in value and 16% in weight compared with the same period of last year. 
“The average export of shoes in the last four years [March 2017-21] stood at 32,000 tons worth $98 million annually, i.e., $3.3 per kilogram on average. A total of 46,000 tons of shoes worth $105 million with an average price of $9.2 per kilogram were exported last year [March 2020-21] indicating a 28.9% and 36.7% increase in value and weight year-on-year,” he was quoted as saying by Tehran Chamber of Commerce, Industries, Mines and Agriculture’s news portal.