Central Asia: Leather Footwear Market 2024

Leather Footwear Market Size in Central Asia

The Central Asian leather footwear market surged to $X in 2021, increasing by 47% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Leather Footwear Production in Central Asia

In value terms, leather footwear production expanded significantly to $X in 2021 estimated in export price. In general, production, however, saw a mild setback. The growth pace was the most rapid in 2019 when the production volume increased by 28%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Leather Footwear Exports

Exports in Central Asia

In 2021, leather footwear exports in Central Asia amounted to X tons, stabilizing at the previous year's figure. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 441%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, leather footwear exports skyrocketed to $X in 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 155%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan was the main exporter of leather footwear in Central Asia, with the volume of exports finishing at X tons, which was near 48% of total exports in 2021. Kyrgyzstan (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons) and Mongolia (X tons). All these countries together held approx. 51% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +80.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) remains the largest leather footwear supplier in Central Asia, comprising 79% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total exports. It was followed by Kyrgyzstan, with a 3.7% share.

In Uzbekistan, leather footwear exports increased at an average annual rate of +98.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+8.8% per year) and Kyrgyzstan (+8.3% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per kg, growing by 66% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the export price increased by 164% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per kg), while Kyrgyzstan ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+12.1%), while the other leaders experienced mixed trends in the export price figures.

Leather Footwear Imports

Imports in Central Asia

In 2021, purchases abroad of leather footwear was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a slight descent. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, leather footwear imports surged to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan dominates imports structure, finishing at X tons, which was approx. 82% of total imports in 2021. Kyrgyzstan (X tons) held the second position in the ranking, followed by Tajikistan (X tons). All these countries together held approx. 14% share of total imports. Mongolia (X tons) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the leather footwear imports, with a CAGR of +6.6% from 2012 to 2021. At the same time, Kyrgyzstan (+1.5%) and Mongolia (+1.4%) displayed positive paces of growth. By contrast, Tajikistan (-23.8%) illustrated a downward trend over the same period. While the share of Kazakhstan (+41 p.p.) and Kyrgyzstan (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tajikistan (-44.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported leather footwear in Central Asia, comprising 87% of total imports. The second position in the ranking was taken by Tajikistan ($X), with a 4.7% share of total imports. It was followed by Mongolia, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +11.9%. The remaining importing countries recorded the following average annual rates of imports growth: Tajikistan (-15.5% per year) and Mongolia (+2.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per kg in 2021, with an increase of 14% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, leather footwear import price increased by +79.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 30%. Over the period under review, import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per kg), while Kyrgyzstan ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform