Belgium: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Belgium

The Belgian waterproof footwear market reduced to $X in 2022, declining by -13.5% against the previous year. In general, consumption, however, enjoyed prominent growth. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

Waterproof Footwear Production in Belgium

In value terms, waterproof footwear production fell to $X in 2022 estimated in export price. Overall, production, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 508% against the previous year. Waterproof footwear production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Waterproof Footwear Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in overseas shipments of waterproof footwear, when their volume decreased by -45% to X pairs. Over the period under review, exports showed a mild setback. The pace of growth was the most pronounced in 2020 with an increase of 51% against the previous year. The exports peaked at X pairs in 2021, and then fell notably in the following year.

In value terms, waterproof footwear exports fell markedly to $X in 2022. In general, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

France (X pairs), the Netherlands (X pairs) and Canada (X pairs) were the main destinations of waterproof footwear exports from Belgium, together comprising 50% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +43.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for waterproof footwear exported from Belgium were Canada ($X), France ($X) and the Netherlands ($X), together comprising 44% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +46.1%, saw 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 average waterproof footwear export price stood at $X per pair in 2022, surging by 26% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports

Imports into Belgium

After two years of growth, supplies from abroad of waterproof footwear decreased by -34.9% to X pairs in 2022. In general, imports showed a mild setback. The growth pace was the most rapid in 2021 with an increase of 64%. As a result, imports attained the peak of X pairs, and then declined remarkably in the following year.

In value terms, waterproof footwear imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

China (X pairs), Italy (X pairs) and the Netherlands (X pairs) were the main suppliers of waterproof footwear imports to Belgium, with a combined 64% share of total imports. France, Germany, Portugal and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +151.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest waterproof footwear suppliers to Belgium were France ($X), the Netherlands ($X) and Italy ($X), with a combined 63% share of total imports. China, Germany, Portugal and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 28%.

Portugal, with a CAGR of +123.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average waterproof footwear import price amounted to $X per pair, waning by -4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29%. The import price peaked at $X per pair in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per pair), while the price for Bosnia and Herzegovina ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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