ShoeInfoNet

Micam Shoeventfiera - Milano
The Italian Footwear Industry - Preliminary figures for 2007

*(Figures referring to trends in production, prices and orders have been processed based on the results of a survey performed on a sample of the Associates).

Main economic indicators of the footwear industry

Preliminary figures for 2007 and forecasts for H1 2008

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Volumes produced     preliminary figures for 2007
 -0.6%
     Volumes produced     H1 2008
      Stable
Production value     preliminary figures for 2007
 +2.9%
Domestic prices      Jan-Dec 2007
 +1.6%
     Domestic prices     H1 2008
      Stable
Foreign prices      Jan-Dec 2007
 +3.8%
     Foreign prices      H1 2008
      Stable
Production capacity      December 2007
 86%
     Production capacity      June 2008
      86%
Household consumption (vol.) Jan-Dec 2007
 +3.9%
Household consumption (spending) Jan-Dec 2007
 +6.2%
Exports (volume)     Jan-Oct 2007
 +1.7%
Exports (value)     Jan-Oct 2007
 +7.9%
Imports (volume)     Jan-Oct 2007
 +8.4%
Imports (value)     Jan-Oct 2007
 +0.9%
Domestic payment terms
 Stable
Foreign payment terms
 Stable
Domestic collection terms
 Slight increase
Foreign collection terms
 Stable
COMPANIES/EMPLOYEES
(September 2007)
Shoe factories
 
Leather supply chain 		No. of companies
 
6.501
(-156 vs.Dec.2006; -2.3%)
22.733
(-406 vs. Dec. 2006; -1.8%) 		No. of employees
 
90.854
(-3.289 vs. Dec. 2006; -3.5%)
160.436
(-6.472 vs. Dec. 2006; -3.9%)
     Employment      H1 2008
      Slight decrease
Use of CIG Leather Area   Jan-Nov 2007
of which:
Ordinary CIG       Jan-Nov 2007
Extraordinary CIG       jan-Nov 2007 		-39.0%
 
-28.1%
-48.9%
ANCI calculations and forecasts
(Figures referring to trends in production, prices and orders have been calculated based on the results of a survey performed on a sample of the Associates).

Commercial Trade in FOOTWEAR

Trend in the first 10 months of 2007 vs. the first 10 months of 2006

ITALY- EXPORT

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Material of
upper
 Jan - Oct 2007
 % CHANGE 2007/2006
  Volume
(000 pairs) 		Value
(millions of
euros) 		AVG.
PRICE
euros 		Volume
 Value
 AVG.
PRICE
LEATHER/HIDE
 144,217
 5,070.97
 35.16
 -0.15
 +7.77
 +7.94
SYNTHETIC
 39,386
 472.44
 12.00
 +6.47
 +3.26
 -3.02
SLIPPERS
 8,786
 47.57
 5.41
 -3.73
 +1.27
 +5.19
RUBBER
 4,695
 26.76
 5.70
 +36.30
 +21.44
 -10.91
CANVAS/OTHER
 19,708
 438.63
 22.26
 +2.86
 +14.49
 +11.31
TOTAL EXPORTS
 216,792
 6,056.37
 27.94
 +1.70
 +7.86
 +6.06
  

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MAIN EXPORT COUNTRIES
 
 Jan-Oct 2007
 % CHANGE 2007/2006
Volume
(000 pairs) 		Value
(millions of
euros) 		AVG.
PRICE
euros 		Volume
 Value
 AVG.
PRICE
1) Germany
 39,054
 811.64
 20.78
 -0.61
 +2.71
 +3.34
2) France
 34,840
 830.09
 23.83
 +0.21
 +4.68
 +4.45
3) United Kingdom
 19,014
 406.90
 21.40
 +8.11
 +11.19
 +2.85
4) United States
 16,439
 685.05
 41.67
 -16.67
 -1.33
 +18.40
5) Spain
 9,551
 251.70
 26.36
 -2.57
 +7.03
 +9.85
6) Netherlands
 9,489
 245.33
 25.85
 +12.59
 +4.48
 -7.21
7) Switzerland
 8,878
 352.56
 39.71
 -1.61
 +8.75
 +10.53
8) Belgium
 7,492
 237.62
 31.72
 -3.56
 +2.19
 +5.96
9) Austria
 6,865
 156.40
 22.78
 -6.52
 -7.04
 -0.55
10) Russia
 6,457
 458.09
 70.95
 +26.44
 +31.41
 +3.93
11) Greece
 5,644
 139.03
 24.63
 +2.49
 +7.27
 +4.67
12) Croatia
 3,169
 52.54
 16.58
 +12.41
 +15.11
 +2.40
13) Japan
 3,011
 172.90
 57.42
 -6.87
 -6.04
 +0.89
14) Canada
 2,850
 76.40
 26.81
 -6.52
 -1.45
 +5.43
15) Denmark
 2,749
 57.51
 20.92
 +12.63
 +8.01
 -4.10
.....
  
  
  
  
  
  
EU25 countries
 151,618
 3,491.29
 23.03
 +2.31
 +5.35
 +2.97
EU27 countries
 154,665
 3,548.51
 22.94
 +2.33
 +5.74
 +3.32
TOTAL EXPORTS
 216,792
 6,056.37
 27.94
 +1.70
 +7.86
 +6.06

Source: ANCI calculations based on ISTAT figures

Commercial Trade in FOOTWEAR

Trend in the first 10 months of 2007 vs. the first 10 months of 2006

ITALY- IMPORTS

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Material of
upper
 Jan - Oct 2007
 % CHANGE 2007/2006
  Volume
(000 pairs) 		Value
(millions of
euros) 		AVG.
PRICE
euros 		Volume
 Value
 AVG.
PRICE
LEATHER/HIDE
 115,026
 1,848.04
 16.07
 -3.81
 -0.39
 +3.56
SYNTHETIC
 124,589
 473.52
 3.80
 +21.61
 +0.74
 -17.15
SLIPPERS
 40,453
 61.64
 1.52
 -7.48
 -7.44
 +0.07
RUBBER
 3,263
 15.09
 4.62
 -13.20
 +1.68
 +17.15
CANVAS/OTHER
 65,064
 411.41
 6.32
 +25.33
 +8.88
 -13.12
TOTAL EXPORTS
 348,395
 2,809.68
 8.07
 +8.39
 +0.90
 -6.90
  

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COUNTRIES OF ORIGIN
 
 Jan-Oct 2007
 % CHANGE 2007/2006
Volume
(000 pairs) 		Value
(millions of
euros) 		AVG.
PRICE
euros 		Volume
 Value
 AVG.
PRICE
1) China
 196,230
 590.95
 3.01
 +17.52
 +3.94
 -11.57
2) Romania
 26,818
 380.14
 14.18
 -30.37
 -33.90
 -5.07
3) Vietnam
 19,450
 169.62
 8.72
 +14.97
 +7.96
 -6.10
4) Belgium
 11,054
 302.11
 27.33
 +22 37
 +23.01
 +0.53
5) India
 9,456
 110.08
 11.64
 +5.16
 +9.12
 +3.77
6) Tunisia
 8,109
 106.97
 13.19
 +28.23
 +34.50
 +4.90
7) Indonesia
 7,336
 83.15
 11.33
 +10.78
 +16.16
 +4.86
8) Albania
 5,975
 56.81
 9.51
 +8.52
 +10.07
 +1.43
9) France
 5,897
 133.73
 22.68
 +21.10
 +21.87
 +0.64
10) Bosnia Herz.
 5,409
 78.68
 14.55
 +21.03
 +18.25
 -2.29
11) Bulgaria
 5,372
 49.71
 9.25
 -28.86
 -34.48
 -7.91
12) Brazil
 4,745
 55.67
 11.73
 +33.28
 +41.18
 +5.92
13) Spain
 4,733
 79.92
 16.89
 +3.69
 +5.30
 +1.55
14) Germany
 4,456
 46.49
 10.43
 -1.33
 +5.03
 +6.45
15) Netherlands
 4,441
 119.40
 26.88
 +30.82
 +31.10
 +0.21
.....
  
  
  
  
  
  
EU25 countries
 41,087
 875.66
 21.31
 +13.11
 +15.74
 +2.32
EU27 countries
 73,277
 1,305.51
 17.82
 -11.06
 -7.25
 +4.29
TOTAL EXPORTS
 348,395
 2,809.68
 8.07
 +8.39
 +0.90
 -6.90

Note: After Romania and Bulgaria joined the EU on 1 January 2007, the survey system for hese two countries changed (Intrastat). The interim import figures for Romania and Bulgaria should thus be considered with caution, as they are not uniform with respect to those from the previous years.
Source: ANCI calculations based on ISTAT figures

TRADE BALANCE - FOOTWEAR SECTOR

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 FIRST 10 MONTHS 2007 FIRST 10 MONTHS 2006 % change
2007/2006
PAIRS
(millions) 		VALUE
(millions of
euros) 		AVG.
PRICE
euros 		PAIRS
(millions) 		VALUE
(millions of
euros) 		AVG.
PRICE
euros 		VOL VAL
EXPORTS 216.8 6,056.37 27.94 213.2 5,614.94 26.34 +1.7 +7.9
IMPORTS
 348.4 2,809.68 8.07 321.4 2,784.57 8.66 +8.4 +0.9
TRADE
BALANCE 		-131.6 3,246.69   -108.3 2,830.38   negative
balance 		+14.7

Commercial Trade in FOOTWEAR

Trend of the first 10 months of years 1992-2007

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EXPORTS
First ten months 		Volume
(millions of PAIRS) 		VALUE
(millions of euros) 		Average price
(euros)
1992 289.5 3,448.50 11.91
1993 316.2 3,882.89 12.28
1994
 340.7 4,491.34 13.18
1995 363.7 5,233.91 14.39
1996 376.5 5,533.49 14.70
1997 360.1 5,512.42 15.31
1998 332.6 5,327.52 16.02
1999 298.9 4,818.71 16.12
2000 310.0 5,606.54 18.09
2001 309.0 6,290.60 20.36
2002 280.2 5,868.20 20.94
2003 265.9 5,625.29 21.15
2004 243.8 5,385.72 22.09
2005 215.5 5,276.16 24.48
2006 213.2 5,614.94 26.34
2007 216.8 6,056.37 27.94

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IMPORTS
First ten months 		Volume
(millions of PAIRS) 		VALUE
(millions of euros) 		Average price
(euros)
1992 116.8 568.43 4.87
1993 90.5 537.09 5.94
1994 111.5 698.54 6.27
1995 123.3 807.07 6.54
1996 111.7 786.47 7.04
1997 132.5 1,084.24 8.18
1998 140.4 1,101.53 7.85
1999
 161.1 1,241.93 7.71
2000 172.0 1,537.10 8.94
2001 178.0 1,822.57 10.24
2002 195.9 1,952.05 9.96
2003
 232.9 2,123 22 9.12
2004 274.0 2,135.59 7.79
2005 289.1 2,490.47 8.62
2006 321.4 2,784.57 8.66
2007 348.4 2,809.68 8.07

Source: ANCI calculation based on ISTAT figures

FOOTWEAR
ITALIAN HOUSEHOLD CONSUMPTION

PERIOD: JANUARY - DECEMBER 2007 (compared to JANUARY - DECEMBER 2006)

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VOLUME Jan-Dec 2007
PAIRS (000) 		Jan-Dec 2006
PAIRS (000) 		% change
2007/2006
MEN'S
 17,455 17,467 -0.1 %
WOMEN'S 51,622 49,446 +4.4 %
CHILDREN'S/TEENS 15,702 15,667 +0.2 %
SPORTS SHOES AND
SNEAKERS 		33,699 31,648 +6.5 %
Slippers/clogs/mules
- of which for men
- of which for women
- of which for children/teens 		47,098
10,931
30,271
5,896 		45,187
10,790
28,619
5,778 		+4.2 %
+1.3 %
+5.8 %
+2.0 %
Total PAIRS (000) 165,575 159,415 +3.9 %

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CURRENT
EXPENDITURES
(retail prices) 		Jan-Dec 2007
millions of euros 		Jan-Dec 2006
millions of euros 		% change
2007/2006
MEN'S
 1,183.23 1,104.42 +7.1 %
WOMEN'S 2,658.28 2,581.70 +3.0 %
CHILDREN'S/TEENS 453.97 444.54 +2.1 %
SPORTS SHOES AND
SNEAKERS 		1,911.05 1,732.97 +10.3 %
Slippers/clogs/mules
- of which for men
- of which for women
- of which for children/teens 		507.37
116.87
344.70
45.81 		457.27
106.83
306.93
43.51 		+11.0 %
+9.4 %
+12.3 %
+5.3 %
Total EXPENDITURES
(millions of Euros) 		6,713,90 6,320,90 +6,2 %

SOURCE: SITA RESEARCH

CASSA INTEGRAZIONE GUADAGNI
(CIG: REDUNDANCY FUND)

AUTHORISED HOURS FOR SALARY INTEGRATION

CIG situation January - November 2007 compared to January - November 2006 Industrial sector: leather and hides

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  11 MONTHS 2007
hours 		11 MONTHS 2006
hours 		% change
2007/2006
Ordinary CIG 2,550,887 3,546,626 -28.08
Extraordinary CIG 1,997,746 3,906,040 -48.85
TOTAL 4,548,633 7,452,666 -38.97

Ordinary and extraordinary interventions in favour of factory personnel and white-collar staff:
authorised hours per region - sector: leather and hides / January - November

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REGION 11 MONTHS 2007
hours 		11 MONTHS 2006
hours 		% change
2007/2006
Piedmont 162,675 232,596 -30.1 %
Lombardy 331,129 1,122,745 -70.5 %
Veneto 317,419 478,091 -33.6 %
Friuli V.G. 7,555 5,718 +32.1 %
Emilia Romagna 95,678 136,887 -30.1 %
Tuscany 472,398 957,986 -50.7 %
Umbria
 13,192 21,552 -38.8 %
Marche 665,052 1,151,686 -42.3 %
Lazio 592 15,360 -96.1 %
Abruzzo 22,159 75,855 -70.8 %
Campania 647,566 1,228,779 -47.3 %
Apulia 1,652,270 1,970,121 -16.1 %
Other regions 160,948 55,290 +191.1 %
TOTAL ITALY 4,548,633 7,452,666 -39.0%

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Trend in previous years:
ITALY TOTAL CIG (hours)
January-November
1997 5,970,328
1998 5,687,826
1999 8,018,545
2000 5,831,966
2001 6,065,450
2002 7,992,697
2003 7,545,496
2004 10,315,618
2005 9,958,742
2006 7,452,666
2007 4,548,633

SOURCE: INPS

Press release
Anci
Micam, Milan, 26th February 2008