Belarus: Leather Footwear Market 2024

Leather Footwear Market Size in Belarus

The Belarusian leather footwear market reduced rapidly to $X in 2021, which is down by -20.2% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Leather Footwear Production in Belarus

In value terms, leather footwear production declined markedly to $X in 2021 estimated in export price. Over the period under review, production faced a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 53% against the previous year. Leather footwear production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Leather Footwear Exports

Exports from Belarus

In 2021, overseas shipments of leather footwear were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 136%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, leather footwear exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for leather footwear exports from Belarus, accounting for a 95% share of total exports. It was followed by Kazakhstan (X tons), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+13.1% per year) and Latvia (-11.1% per year).

In value terms, Russia ($X) remains the key foreign market for leather footwear exports from Belarus, comprising 96% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+0.3% per year) and Latvia (-11.2% per year).

Export Prices by Country

In 2021, the average leather footwear export price amounted to $X per kg, jumping by 43% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per kg in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (-0.1%), while the prices for the other major destinations experienced a decline.

Leather Footwear Imports

Imports into Belarus

In 2021, overseas purchases of leather footwear decreased by -0.7% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, leather footwear imports amounted to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -35.5% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 66%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of leather footwear imports to Belarus, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +48.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of leather footwear to Belarus, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.0% per year) and Turkey (+31.5% per year).

Import Prices by Country

In 2021, the average leather footwear import price amounted to $X per kg, growing by 4.6% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of 11%. Over the period under review, average import prices reached the peak figure at $X per kg in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per kg), while the price for Ukraine ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform