Colombia: Leather Footwear Market 2022

Leather Footwear Market Size in Colombia

For the third year in a row, the Colombian leather footwear market recorded decline in sales value, which decreased by -X% to $X in 2017. Over the period under review, consumption, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Colombia consumption peaked at $X in 2014; however, from 2015 to 2017, consumption stood at a somewhat lower figure.

Leather Footwear Exports

Exports from Colombia

In 2017, overseas shipments of leather footwear decreased by -X% to X pairs for the first time since 2014, thus ending a two-year rising trend. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Colombia exports peaked at X pairs in 2007; however, from 2008 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports rose remarkably to $X in 2017. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2017, exports stood at a somewhat lower figure.

Exports by Country

China was the major exporter of leather footwear in the world, with the volume of exports finishing at X pairs, which was approx. X% of total exports in 2017. Vietnam (X pairs) held the second position in the ranking, followed by Italy (X pairs) and India (X pairs). All these countries together took approx. X% share of total exports. Germany (X pairs), Portugal (X pairs), Belgium (X pairs), Hong Kong SAR (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs) and Indonesia (X pairs) took a minor share of total exports.

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%), Belgium (-X%), Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Vietnam and India increased by +X% and +X% percentage points, while Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries from Colombia were China ($X), Italy ($X) and Vietnam ($X), with a combined X% share of total exports.

Vietnam saw the highest growth rate of 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 Colombia amounted to $X per pair, rising by X% against the previous year. In general, the export price, however, showed a slight contraction. The pace of growth was the most pronounced in 2009 when the export price increased by X% y-o-y. Colombia export price peaked at $X per pair in 2010; however, from 2011 to 2017, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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 Colombia

In 2017, purchases abroad of leather footwear decreased by -X% to X pairs, falling for the fifth consecutive year after three years of growth. Over the period under review, imports saw a mild descent. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Colombia imports peaked at X pairs in 2012; however, from 2013 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports declined to $X in 2017. In general, imports saw modest growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2017, imports failed to regain the momentum.

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 achieving X% of total imports. Hong Kong SAR (X pairs), the Netherlands (X pairs), Belgium (X pairs), Russia (X pairs), Japan (X pairs), China (X pairs), Spain (X pairs) and Canada (X pairs) followed a long way behind the leaders.

From 2007 to 2017, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

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

In the United States, leather footwear imports decreased by an average annual rate of -X% over the period from 2007-2017. 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

In 2017, the leather footwear import price in Colombia amounted to $X per pair, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. Colombia import price peaked at $X per pair in 2011; however, from 2012 to 2017, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per pair), while the UK ($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

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