Asia-Pacific: Leather Footwear Market 2022

Leather Footwear Market Size in Asia-Pacific

In 2017, the Asia-Pacific leather footwear market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2015 to 2017, the growth of the market remained at a lower figure.

Leather Footwear Production in Asia-Pacific

In value terms, leather footwear production reduced to $X in 2017 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced 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-Pacific

China (X pairs) remains the largest leather footwear producing country in Asia-Pacific, comprising approx. X% of total volume. Moreover, leather footwear production in China exceeded the figures recorded by the second-largest producer, India (X pairs), threefold. The third position in this ranking was occupied by Vietnam (X pairs), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume in China amounted to -X%. The remaining producing countries recorded the following average annual rates of production growth: India (-X% per year) and Vietnam (+X% per year).

Leather Footwear Exports

Exports in Asia-Pacific

In 2017, overseas shipments of leather footwear increased by X% to X pairs, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X pairs in 2008; however, from 2009 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports totaled $X in 2017. The total export value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2017, exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of around X pairs, which recorded X% of total exports. Vietnam (X pairs) ranks second in terms of the total exports with a X% share, followed by India (X%) and Hong Kong SAR (X%). The following exporters - Indonesia (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%) and India (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Asia-Pacific, 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. While the share of Vietnam (+X p.p.), India (+X p.p.) and Bangladesh (+X p.p.) increased significantly in terms of the total exports from 2007-2017, the share of Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Vietnam ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports. Hong Kong SAR, Indonesia and Bangladesh lagged somewhat behind, together accounting for a further X 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

In 2017, the leather footwear export price in Asia-Pacific amounted to $X per pair, waning by -X% against the previous year. In general, the export price, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per pair in 2015; however, from 2016 to 2017, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per pair), while China ($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-Pacific

In 2017, leather footwear imports in Asia-Pacific dropped to X pairs, which is down by -X% compared with 2016. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X pairs in 2007; however, from 2008 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports reduced modestly to $X in 2017. The total import value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced 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), Australia (X pairs) and South Korea (X pairs) represented the major importers of leather footwear, together constituting X% of total imports. Singapore (X pairs), Taiwan (Chinese) (X pairs), Malaysia (X pairs), Pakistan (X pairs), Macao SAR (X pairs) and the Philippines (X pairs) occupied a minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines, while imports for the other leaders experienced more modest paces of growth.

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

China saw the highest growth rate of the value of imports, among the main importing countries 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-Pacific stood at $X per pair in 2017, surging by X% against the previous year. Import price indicated a prominent 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 increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2011 when the import price increased by X% y-o-y. The level of import peaked in 2017 and is expected to retain growth in the immediate term.

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