Report Update Nov 1, 2024

Colombia - Footwear - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Colombia

The Colombian waterproof footwear market reduced to $X in 2022, dropping by -11.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Waterproof Footwear Exports

Exports from Colombia

Waterproof footwear exports from Colombia reduced to X pairs in 2022, which is down by -9.4% against the year before. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 41%. As a result, the exports attained the peak of X pairs. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, waterproof footwear exports shrank to $X in 2022. Overall, exports showed a deep setback. The growth pace was the most rapid in 2017 when exports increased by 41%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ecuador (X pairs), the United States (X pairs) and Costa Rica (X pairs) were the main destinations of waterproof footwear exports from Colombia, together comprising 78% of total exports. Panama, Uruguay, Peru and Chile lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +50.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for waterproof footwear exported from Colombia were Ecuador ($X), the United States ($X) and Costa Rica ($X), together comprising 77% of total exports. Panama, Uruguay, Peru and Chile lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, Peru, with a CAGR of +51.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average waterproof footwear export price stood at $X per pair in 2022, picking up by 3.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 8.1%. The export price peaked at $X per pair in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per pair), while the average price for exports to Panama ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports

Imports into Colombia

In 2022, waterproof footwear imports into Colombia shrank slightly to X pairs, reducing by -1.9% on the year before. Over the period under review, imports recorded a perceptible downturn. The growth pace was the most rapid in 2015 when imports increased by 46%. As a result, imports reached the peak of X pairs. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, waterproof footwear imports contracted sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Ecuador (X pairs) was the main waterproof footwear supplier to Colombia, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador amounted to -1.1%.

In value terms, Ecuador ($X) constituted the largest supplier of waterproof footwear to Colombia.

From 2012 to 2022, the average annual growth rate of value from Ecuador amounted to +1.3%.

Import Prices by Country

The average waterproof footwear import price stood at $X per pair in 2022, declining by -13.5% against the previous year. Overall, the import price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2020 an increase of 52%. The import price peaked at $X per pair in 2021, and then declined in the following year.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +2.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for waterproof footwear in the world?

Brazil remains the largest waterproof footwear consuming country worldwide, accounting for 35% of total volume. Moreover, waterproof footwear consumption in Brazil exceeded the figures recorded by the second-largest consumer, China, threefold. The United States ranked third in terms of total consumption with a 7.1% share.

What are the largest producers of waterproof footwear in the world?

The countries with the highest volumes of waterproof footwear production in 2021 were Brazil, China and the United States, with a combined 65% share of global production.

What are the leading suppliers of waterproof footwear to Colombia?

In value terms, Ecuador constituted the largest supplier of waterproof footwear to Colombia.

What are the leading importers of waterproof footwear from Colombia?

In value terms, Ecuador, the United States and Chile were the largest markets for waterproof footwear exported from Colombia worldwide, with a combined 75% share of total exports. These countries were followed by Uruguay, Panama, Costa Rica and Paraguay, which together accounted for a further 20%.

What is the average export price for waterproof footwear in Colombia?

The average waterproof footwear export price stood at $3,637 per ton in 2021, remaining constant against the previous year.

What is the average import price for waterproof footwear in Colombia?

The average waterproof footwear import price stood at $2,749 per ton in 2021, rising by 15% against the previous year.

This report provides an in-depth analysis of the waterproof footwear market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023