Argentina: Footwear Treatments Market 2024

Footwear Treatments Market Size in Argentina

In 2022, the Argentinian footwear treatments market increased by 0.3% to $X, rising for the second consecutive year after three years of decline. Overall, consumption showed a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Footwear Treatments Production in Argentina

In value terms, footwear treatments production fell to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 8.8%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Footwear Treatments Exports

Exports from Argentina

In 2022, footwear treatments exports from Argentina fell significantly to X tons, waning by -41.9% against the year before. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 511% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports shrank sharply to $X in 2022. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 463%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for footwear treatments exports from Argentina, accounting for a 47% share of total exports. Moreover, footwear treatments exports to Brazil exceeded the volume sent to the second major destination, Thailand (X tons), threefold. Paraguay (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to -14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+27.5% per year) and Paraguay (-4.4% per year).

In value terms, the largest markets for footwear treatments exported from Argentina were Brazil ($X), Bolivia ($X) and Belgium ($X), with a combined 70% share of total exports. Paraguay, Uruguay, Thailand, the United States and France lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Thailand, with a CAGR of +31.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 17%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Argentina

In 2022, supplies from abroad of polishes and creams for footwear or leather was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, saw a noticeable slump. The growth pace was the most rapid in 2016 with an increase of 43% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports surged to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Colombia (X tons), Mexico (X tons) and China (X tons) were the main suppliers of footwear treatments imports to Argentina, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constituted the largest supplier of polishes and creams for footwear or leather to Argentina, comprising 63% of total imports. The second position in the ranking was held by Mexico ($X), with a 20% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Colombia totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.1% per year) and China (+19.0% per year).

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, increasing by 28% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear treatments import price increased by +93.1% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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