Belgium: Leather Footwear Market 2022

Leather Footwear Market Size in Belgium

In 2017, the Belgian leather footwear market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Belgium consumption peaked at $X in 2014; however, from 2015 to 2017, consumption stood at a somewhat lower figure.

Leather Footwear Production in Belgium

In value terms, leather footwear production amounted to $X in 2017 estimated in export prices. Over the period under review, production saw a slight reduction. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2012 to 2017, production growth remained at a somewhat lower figure.

Leather Footwear Exports

Exports from Belgium

In 2017, the amount of leather footwear exported from Belgium skyrocketed to X pairs, with an increase of X% against 2016. Over the period under review, exports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X pairs in 2007; however, from 2008 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports expanded sharply to $X in 2017. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Belgium exports peaked at $X in 2013; however, from 2014 to 2017, exports failed to regain the momentum.

Exports by Country

China represented the major exporting country with an export of about X pairs, which finished at X% of total exports. Vietnam (X pairs) ranks second in terms of the total exports with a X% share, followed by Italy (X%), India (X%) and Germany (X%). Portugal (X pairs), Hong Kong SAR (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs) and Indonesia (X pairs) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. At the same time, Vietnam (+X%), France (+X%), India (+X%), the Netherlands (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2017. Spain and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%), Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while Indonesia and Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Vietnam recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Belgium amounted to $X per pair, dropping by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices attained the maximum at $X per pair in 2014; however, from 2015 to 2017, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2017, the country with the highest price was Italy ($X per pair), while China ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports into Belgium

In 2017, overseas purchases of leather footwear decreased by -X% to X pairs, falling for the second consecutive year after four years of growth. Overall, imports showed a slight downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X pairs in 2015; however, from 2016 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports expanded significantly to $X in 2017. The total import value increased at an average annual rate of +X% 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 2012 with an increase of X% y-o-y. Belgium imports peaked at $X in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, the United States (X pairs), distantly followed by Germany (X pairs), the UK (X pairs), France (X pairs) and Italy (X pairs) represented the largest importers of leather footwear, together creating X% of total imports. The following importers - Hong Kong SAR (X pairs), the Netherlands (X pairs), Russia (X pairs), Japan (X pairs), China (X pairs), Spain (X pairs), Canada (X pairs) and Poland (X pairs) - together made up X% of total imports.

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

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Belgium, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in the United States totaled -X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Belgium stood at $X per pair in 2017, increasing by X% against the previous year. In general, import price indicated moderate growth 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 2015 indices. As a result, import price attained the peak level and is likely to continue 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 China ($X per pair), while Poland ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :