Asia: Footwear Treatments Market 2024

Footwear Treatments Market Size in Asia

The Asian footwear treatments market shrank to $X in 2022, falling by -6.3% against the previous year. Overall, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 7.5% against the previous year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Footwear Treatments Production in Asia

In value terms, footwear treatments production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 52% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Footwear Treatments Exports

Exports in Asia

In 2022, the amount of polishes and creams for footwear or leather exported in Asia rose remarkably to X tons, surging by 11% on the previous year's figure. Over the period under review, exports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 20%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports soared to $X in 2022. In general, exports, however, continue to indicate a pronounced curtailment. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which amounted to 53% of total exports. It was distantly followed by Turkey (X tons), generating a 35% share of total exports. The following exporters - Hong Kong SAR (X tons), Indonesia (X tons) and the United Arab Emirates (X tons) - each resulted at a 6.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +6.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest footwear treatments supplying countries in Asia were China ($X), Turkey ($X) and Hong Kong SAR ($X), together accounting for 87% of total exports.

Hong Kong SAR, with a CAGR of -0.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, rising by 6.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 8.9% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Footwear Treatments Imports

Imports in Asia

In 2022, the amount of polishes and creams for footwear or leather imported in Asia amounted to X tons, with an increase of 9.2% on 2021 figures. Overall, imports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports totaled $X in 2022. In general, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kyrgyzstan (X tons), followed by China (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), India (X tons), Pakistan (X tons) and Iraq (X tons) represented the key importers of polishes and creams for footwear or leather, together committing 55% of total imports. Azerbaijan (X tons), Japan (X tons), Afghanistan (X tons), Uzbekistan (X tons) and Thailand (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kyrgyzstan (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear treatments importing markets in Asia were China ($X), Japan ($X) and India ($X), with a combined 29% share of total imports. Kyrgyzstan, Vietnam, Hong Kong SAR, the United Arab Emirates, Thailand, Pakistan, Azerbaijan, Iraq, Uzbekistan and Afghanistan lagged somewhat behind, together comprising a further 40%.

Kyrgyzstan, with a CAGR of +33.6%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Asia amounted to $X per ton, with a decrease of -3.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+19.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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