Shoe Factories Spend EGP 800 mln on Shoes Production

Egyptian markets witnessed producing more than 80 million pairs of shoes, with EGP 800 million costs, since the start of 2012.

Yahya Zalat, Chairman of Leather Industry Chamber of Federation of Egyptian Industries, said the share of the local manufactured product of women shoes in the market represent 15% in return for 85% of imported shoes, while the share of the men shoes that local manufactured is 95% of the market.

The imported women shoes rate increased as the manufacture depends on accessories unlike the men shoes is plain.

Yahya Zalat expected that the Egyptian market will be improved after activating the resolution (660) of implementing the Egyptian standard specifications on the imported leather products. He referred that the Egyptian commodities will be rose 60% in the market, in a period between 6 to 10 months.

On the other hand, he mentioned that the deterioration of exporting state during the last period, and the retreat of foreign contracts because of the interior turmoil, economic instability and the exporters’ fears of being not committed to the contracts.