Asia: Leather Footwear Market 2022

Leather Footwear Market Size in Asia

In 2017, the Asian leather footwear market decreased by -X% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2015 to 2017, the growth of the market failed to regain the momentum.

Leather Footwear Production in Asia

In value terms, leather footwear production contracted to $X in 2017 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2015 to 2017, production growth remained at a lower figure.

Production By Country in Asia

China (X pairs) constituted the country with the largest volume of leather footwear production, accounting for X% of total volume. Moreover, leather footwear production in China exceeded the figures recorded by the second-largest producer, India (X pairs), threefold. Vietnam (X pairs) ranked third in terms of total production with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume in China amounted to -X%. In the other countries, the average annual rates were as follows: India (-X% per year) and Vietnam (+X% per year).

Leather Footwear Exports

Exports in Asia

In 2017, overseas shipments of leather footwear increased by X% to X pairs, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X pairs in 2008; however, from 2009 to 2017, exports failed to regain the momentum.

In value terms, leather footwear exports expanded rapidly to $X in 2017. The total export value increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The level of export peaked at $X in 2014; however, from 2015 to 2017, exports failed to regain the momentum.

Exports by Country

China represented the largest exporter of leather footwear in Asia, with the volume of exports reaching X pairs, which was approx. X% of total exports in 2017. It was distantly followed by Vietnam (X pairs), India (X pairs) and Hong Kong SAR (X pairs), together creating a X% share of total exports. The following exporters - Indonesia (X pairs), Turkey (X pairs) and Bangladesh (X pairs) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. At the same time, Bangladesh (+X%), Vietnam (+X%), Turkey (+X%) and India (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2017. By contrast, Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.), India (+X p.p.) and Bangladesh (+X p.p.) significantly strengthened its position in terms of the total exports, while China, Indonesia and Hong Kong SAR saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries in Asia were China ($X), Vietnam ($X) and India ($X), with a combined X% share of total exports. Hong Kong SAR, Indonesia, Bangladesh and Turkey lagged somewhat behind, together comprising a further X terms of the main exporting countries, Bangladesh recorded the highest rates of growth with regard to 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 leather footwear export price in Asia stood at $X per pair in 2017, waning by -X% against the previous year. In general, the export price, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per pair in 2015; however, from 2016 to 2017, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per pair), while Turkey ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports in Asia

In 2017, leather footwear imports in Asia shrank modestly to X pairs, waning by -X% against 2016. Overall, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X pairs in 2007; however, from 2008 to 2017, imports failed to regain the momentum.

In value terms, leather footwear imports dropped to $X in 2017. Total imports indicated a notable increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, imports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2017, imports stood at a somewhat lower figure.

Imports by Country

In 2017, Hong Kong SAR (X pairs), distantly followed by Japan (X pairs), China (X pairs), South Korea (X pairs) and Israel (X pairs) represented the largest importers of leather footwear, together comprising X% of total imports. The United Arab Emirates (X pairs), Singapore (X pairs), Iran (X pairs), Kuwait (X pairs), Turkey (X pairs), Saudi Arabia (X pairs), Taiwan (Chinese) (X pairs) and Malaysia (X pairs) followed a long way behind the leaders.

From 2007 to 2017, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest leather footwear importing markets in Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), together comprising X% of total imports.

In terms of the main importing countries, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The leather footwear import price in Asia stood at $X per pair in 2017, waning by -X% against the previous year. Import price indicated a resilient increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, leather footwear import price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. The level of import peaked at $X per pair in 2015; however, from 2016 to 2017, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2017, the country with the highest price was China ($X per pair), while Israel ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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