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Hong Kong SAR, China - Footwear with uppers of leather - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Footwear with uppers of leather - Market Analysis, Forecast, Size, Trends and Insights

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Oct 27, 2023

Hong Kongs Witnesses a Significant Shrink in Leather Footwear Import to $60M in June 2023

Hong Kong Leather Footwear Imports

In June 2023, the amount of leather footwear imported into Hong Kong reduced to 808K pairs, with a decrease of -6.6% against the previous month. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in February 2023 when imports increased by 39% month-to-month. Over the period under review, imports reached the maximum at 1.3M pairs in June 2022; however, from July 2022 to June 2023, imports failed to regain momentum.

In value terms, leather footwear imports shrank to $60M (IndexBox estimates) in June 2023. Over the period under review, imports showed a slight downturn. The pace of growth was the most pronounced in February 2023 when imports increased by 24% against the previous month. Imports peaked at 79M pairs in July 2022; however, from August 2022 to June 2023, imports stood at a somewhat lower figure.Hong Kong Leather Footwear Imports By Country (Million USD)

COUNTRYImport Value of Leather Footwear in Hong Kong (million USD)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
Italy20.826.621.817.024.722.522.021.624.129.121.725.825.0
China15.621.116.915.514.213.613.38.99.29.810.314.012.4
France5.910.46.56.610.29.16.35.95.67.17.38.56.6
Vietnam7.33.86.97.46.912.97.22.78.35.54.34.25.4
India0.70.60.60.81.20.60.60.80.60.80.40.30.6
Bangladesh0.40.30.41.8< 0.10.50.20.20.20.91.30.20.2
Indonesia2.70.81.63.51.33.13.10.64.41.30.60.2< 0.1
Others14.615.018.311.611.515.19.411.011.512.010.610.410.2
Total68.178.673.164.370.077.362.351.763.966.656.563.660.5

Imports by Country

In June 2023, China (423K pairs) constituted the largest supplier of leather footwear to Hong Kong, accounting for a 52% share of total imports. Moreover, leather footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (163K pairs), threefold. Italy (89K pairs) ranked third in terms of total imports with an 11% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume from China totaled -4.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-3.3% per month) and Italy (+1.7% per month).

In value terms, Italy ($25M) constituted the largest supplier of leather footwear to Hong Kong, comprising 41% of total imports. The second position in the ranking was held by China ($12M), with a 20% share of total imports. It was followed by France, with an 11% share.

From June 2022 to June 2023, the average monthly growth rate of value from Italy stood at +1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-1.9% per month) and France (+1.0% per month).

Imports by Type

In June 2023, footwear, sole rubber, plastics uppers of leather, nes (559K pairs) constituted the largest type of leather footwear supplied to Hong Kong, accounting for a 69% share of total imports. Moreover, footwear, sole rubber, plastics uppers of leather, nes exceeded the figures recorded for the second-largest type, boots, sole rubber or plastic upper leather, nes (138K pairs), fourfold. Footwear, outer soles and uppers of leather, nes (103K pairs) ranked third in terms of total imports with a 13% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of footwear, sole rubber, plastics uppers of leather, nes amounted to -3.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: boots, sole rubber or plastic upper leather, nes (-9.2% per month) and footwear, outer soles and uppers of leather, nes (+5.3% per month).

In value terms, the most traded types of leather footwear in Hong Kong were footwear, sole rubber, plastics uppers of leather, nes ($33M), footwear, outer soles and uppers of leather, nes ($19M) and boots, sole rubber or plastic upper leather, nes ($7M), together accounting for 98% of total imports. Footwear, soles, uppers of leather, over ankle, nes and footwear, nes, uppers leather lagged somewhat behind, together accounting for a further 2.3%.

Import Prices by Country

In June 2023, the leather footwear price amounted to $74.9 per pair (CIF, Hong Kong), picking up by 1.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in January 2023 an increase of 34% month-to-month. As a result, import price reached the peak level of $84,631 per thousand pairs. From February 2023 to June 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($408 per pair), while the price for Bangladesh ($24.9 per pair) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the leather footwear market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
  • Prodcom 15201351 - Men
  • Prodcom 15201352 - Women
  • Prodcom 15201353 - Children
  • Prodcom 15201361 - Men
  • Prodcom 15201362 - Women
  • Prodcom 15201363 - Children
  • Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
  • Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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