23 May 2013 21:40 [Source: ICIS news]
SAO PAULO (ICIS)--Polyurethane (PU) demand for the footwear industry in Brazil is facing a challenge from low-cost imports of finished products from China, a source said on Thursday on the sidelines of the Feiplastic 2013 exhibition.
On the one hand, Brazil’s once formidable footwear exports to the US have been gradually eroded by the competition from cheap product from China, the source said.
Additionally, the domestic Brazilian footwear consumer is also showing a preference for imports from China because of lower cost.
The Brazilian government has attempted to defend the domestic industry by implementing protective measures that add to the cost of footwear imports from China, the source added.
However, the measures in Brazil are being at least partially circumvented, as Asian producers continue exporting cheap semi-finished goods and shoe-parts instead of finished footwear, according to the source.
Feiplastic continues through Friday.
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