Colombia: Footwear Treatments Market 2024

Footwear Treatments Market Size in Colombia

In 2022, the Colombian footwear treatments market decreased by -0.1% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption continues to indicate a drastic downturn. Footwear treatments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Footwear Treatments Production in Colombia

In value terms, footwear treatments production declined to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt slump. The growth pace was the most rapid in 2021 when the production volume increased by 15% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Footwear Treatments Exports

Exports from Colombia

Footwear treatments exports from Colombia declined remarkably to X tons in 2022, which is down by -26.6% compared with the previous year. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 112%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports dropped sharply to $X in 2022. Overall, exports faced a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 94% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for footwear treatments exports from Colombia, with a 46% share of total exports. Moreover, footwear treatments exports to Brazil exceeded the volume sent to the second major destination, Chile (X tons), threefold. The third position in this ranking was held by Ecuador (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-3.9% per year) and Ecuador (-5.3% per year).

In value terms, Brazil ($X) remains the key foreign market for polishes and creams for footwear or leather exports from Colombia, comprising 49% of total exports. The second position in the ranking was held by Chile ($X), with an 11% share of total exports. It was followed by Argentina, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-6.9% per year) and Argentina (-12.1% per year).

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2022, with an increase of 3.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Chile ($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 Venezuela (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Colombia

In 2022, imports of polishes and creams for footwear or leather into Colombia shrank slightly to X tons, falling by -4.5% on the previous year. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 50% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, footwear treatments imports shrank to $X in 2022. Over the period under review, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), China (X tons) and the United States (X tons) were the main suppliers of footwear treatments imports to Colombia, with a combined 83% share of total imports. Spain, Italy, France and Germany lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +10.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X) constituted the largest supplier of polishes and creams for footwear or leather to Colombia, comprising 32% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.0% per year) and China (-4.7% per year).

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, declining by -2.5% against the previous year. Overall, the import price saw a perceptible setback. The growth pace was the most rapid in 2015 when the average import price increased by 21%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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