Belgium: Footwear Treatments Market 2024

Footwear Treatments Market Size in Belgium

The Belgian footwear treatments market surged to $X in 2022, with an increase of 70% against the previous year. Over the period under review, consumption, however, faced a drastic downturn. Footwear treatments consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Footwear Treatments Production in Belgium

In value terms, footwear treatments production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable curtailment. Footwear treatments production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Footwear Treatments Exports

Exports from Belgium

In 2022, after four years of growth, there was significant decline in overseas shipments of polishes and creams for footwear or leather, when their volume decreased by -38.4% to X tons. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 372%. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, footwear treatments exports declined slightly to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 280%. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Austria (X tons) were the main destinations of footwear treatments exports from Belgium, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +60.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Austria ($X) constituted the largest markets for footwear treatments exported from Belgium worldwide, together comprising 67% of total exports.

Austria, with a CAGR of +62.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, picking up by 57% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 the UK (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Belgium

In 2022, imports of polishes and creams for footwear or leather into Belgium fell dramatically to X tons, waning by -45.8% against the previous year's figure. In general, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 194%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports dropped rapidly to $X in 2022. Over the period under review, imports recorded a slight decline. The pace of growth was the most pronounced in 2021 when imports increased by 174%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of footwear treatments to Belgium, accounting for a 59% share of total imports. Moreover, footwear treatments imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.7% per year) and Germany (-11.7% per year).

In value terms, France ($X) constituted the largest supplier of polishes and creams for footwear or leather to Belgium, comprising 57% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.7% per year) and Germany (-12.8% per year).

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, picking up by 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2015 an increase of 46% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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