The appreciation in the value of the rupee against major currencies, weak consumer confidence in the European Union (EU) and the significant decline in the value of pound sterling (GBP) have hit footwear exporters hard and they are now focusing on the domestic market to fare better. It was reported recently (October 2017) that leather footwear and leather exports have faced significant obstacles due to a difficult external and internal environment. Demand was impacted by weak consumer confidence in the European Union (EU). It is the main destination for Indian footwear exports and a significant drop in the value of the British pound (GBP) following the vote on the referendum to leave the European Union. Recent adverse regulations and restrictions imposed on animal slaughter and leather tanneries have also impacted the availability of raw materials. Due to these factors, export figures declined for two consecutive years, by 9% in FY2015 and by 5% in FY2017. Although domestically, Indian industry Although footwear industry has historically recorded healthy growth, driven by increasing footwear demand and average selling price (ASP), growth slowed significantly in FY2016 and FY2017 due to moderation in consumer mood. Additionally, the demonetization drive that took place in November 2016 also impacted consumer demand for footwear. The revenues associated with export-oriented leather footwear market players declined by 2% in FY 2017. On the other hand, the revenues of domestically focused players involved in leather as well as non-leather products witnessed a significant growth of 3 percent in FY 2017. There was also a decline in the overall operating margin of export-focused entities, coupled with the overall operating margin of the companies focused on the domestic market, from 12.2% to 11.9% between fiscal years 2016 and 2017. Although the company's participants focused on leather products and export markets, they faced headwinds due to a combination of internal and external factors and have seen pressure on net sales/revenues; the credit risk profile remained stable due to limited leverage and lower expected capital expenditures. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Currency fluctuations have had a profound influence on the supply of shoes. Indonesia is probably the best example. Countries and areas linked to the US dollar, such as China, have been able to take advantage of their favorable position with the United States compared to countries like Italy and Spain. Italy's adherence to a constant exchange rate against the pound sterling within the European Monetary System, at a time when Italian inflation is two or three times higher than that of Germany (Federal Republic) , caused a decline in the international competitiveness of all Italian manufacturers. As a result, the cost of Italian shoes increased greatly in the United States and the Italians therefore contributed to the significant slowdown of the American market at this time. Little by little, Italian manufacturers were able to regain their position with their first European customer, namely Germany (Federal Republic), because they did not undergo an evolutionunfavorable exchange rate scenario. Above-average inflation and interest rates have limited the competitiveness of the shoe and leather industries in some countries. The actual output of China's shoe industry in 1997 was 5.252 billion pairs of shoes. Production increased to 7.65 billion pairs of shoes in 2005 and further increased to 8.908 billion pairs in 2009. It was reported that the actual production reached 16.98 billion pairs in 2015. In significant regions of China, demand exceeds supply of shoes. work and, therefore, the Chinese worker can look forward to secure employment prospects and rising real wages. This will certainly create a market that consumes large quantities of shoes. It is the strength of consumer spending and the enormous size of the domestic market that sets the Chinese footwear market apart from other Asian markets. It is essential that this point be understood because it indicates that in the future, even if the Chinese footwear industry expanded its capacity very quickly, much of this capacity would be used to supply the domestic market. It is therefore conceivable that Chinese production for export will not increase much above current levels because: Domestic demand is strong Prices are generally better in the domestic market There are capacity limitations Production for to the domestic market can take place in regions where logistics are less good and where labor costs are lower. China was the largest shoe exporting country in the world. The value of footwear exports was USD 4,720,291,300 in 2016. China's footwear exports account for 35.5% of the world's total. China exports shoes, gaiters and their spare parts to more than 200 countries around the world. The United States, the United Kingdom and Japan are its main shoe importers. However, China mainly exports to the United States of America and recorded 25.7% of its footwear export sales to the United States. According to footwear export data, the product falling under HS code 6402 is China's most exported product. The United States is the largest country in the world and imports from 130 countries. The value of footwear exports amounted to USD 2,655,247,100 in 2016. Footwear imports from the United States account for 20.9% of the total production value. The United States imports shoes, gaiters and their parts from China only with a value of 57.9%, or 1,537,240,400 USD. Generally, the product with HS code 6403 is more in demand in the United States. According to shoe import data, the United States imported this product in 2016 with a value of USD 1,162,960,500. The total sales value of footwear in the mainland in 2016 was RMB 360.9 billion, an increase of 2% year-on-year. Based on this, men's shoe sales generated RMB 136.3 billion in revenue, accounting for 38% of the total, while women's shoe sales generated another RMB 176.6 billion (49%). . Increasing disposable income due to China's huge population, coupled with growing consumer demand for premium quality, has contributed to the growth of footwear in the recent past and is expected to follow the same trend over the forecast period. The footwear market on the continent is dominated by locally manufactured products. There are four major footwear industry hubs in the country, mainly located in the southeastern coastal regions. Guangdong's shoe industry, with Guangzhou and Dongguan at the core, is..