Canada: Footwear Treatments Market 2024

Footwear Treatments Market Size in Canada

In 2022, the Canadian footwear treatments market increased by 2.4% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 7.6% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Footwear Treatments Production in Canada

In value terms, footwear treatments production reduced modestly to $X in 2022 estimated in export price. In general, production showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.4%. Footwear treatments production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Footwear Treatments Exports

Exports from Canada

In 2022, after four years of decline, there was significant growth in overseas shipments of polishes and creams for footwear or leather, when their volume increased by 106% to X tons. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear treatments exports surged to $X in 2022. Overall, exports, however, saw a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for footwear treatments exports from Canada, accounting for a 96% share of total exports. It was followed by Australia (X tons), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-13.5% per year) and the UK (-28.8% per year).

In value terms, the United States ($X) remains the key foreign market for polishes and creams for footwear or leather exports from Canada, comprising 96% of total exports. The second position in the ranking was taken by Australia ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-10.8% per year) and the UK (-26.6% per year).

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, declining by -11.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK ($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 (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Canada

In 2022, overseas purchases of polishes and creams for footwear or leather were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest footwear treatments supplier to Canada, with a 55% share of total imports. Moreover, footwear treatments imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and Spain (+9.2% per year).

In value terms, the United States ($X) constituted the largest supplier of polishes and creams for footwear or leather to Canada, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Spain, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.9% per year) and Spain (+11.2% per year).

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, which is down by -2% 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 2014 an increase of 7.7%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Honduras ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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