Dominican Republic: Leather Footwear Market 2022

Leather Footwear Market Size in the Dominican Republic

The Dominican leather footwear market was finally on the rise to reach $X in 2017, after two years of decline. Overall, consumption, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2013 to 2017, the growth of the market remained at a lower figure.

Leather Footwear Production in the Dominican Republic

In value terms, leather footwear production reached $X in 2017 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2017, production remained at a lower figure.

Leather Footwear Exports

Exports from the Dominican Republic

In 2017, overseas shipments of leather footwear increased by X% to X pairs, rising for the third consecutive year after two years of decline. Overall, total exports indicated a buoyant increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, exports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The Dominican Republic exports peaked at X pairs in 2012; however, from 2013 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports rose slightly to $X in 2017. In general, total exports indicated strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. The Dominican Republic exports peaked at $X in 2012; however, from 2013 to 2017, exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of around X pairs, which finished at X% of total exports. Vietnam (X pairs) ranks second in terms of the total exports with a X% share, followed by Italy (X%), India (X%) and Germany (X%). The following exporters - 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) - together made up X% 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. Vietnam (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while Indonesia and Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Vietnam recorded the highest rates of growth with regard to the value of exports, among 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

The leather footwear export price in the Dominican Republic stood at $X per pair in 2017, approximately mirroring the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% year-to-year. The Dominican Republic export price peaked at $X per pair in 2015; however, from 2016 to 2017, export prices remained at a lower figure.

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 the Dominican Republic

In 2017, overseas purchases of leather footwear increased by X% to X pairs, rising for the third year in a row after two years of decline. In general, imports posted a noticeable expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of X pairs. from 2013 to 2017, the growth imports failed to regain the momentum.

In value terms, leather footwear imports surged to $X in 2017. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2013 to 2017, the growth imports remained at a somewhat lower figure.

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) were the key importers of leather footwear, together generating 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 most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

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

In the United States, leather footwear imports plunged by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in the Dominican Republic stood at $X per pair in 2017, which is down by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per pair in 2015; however, from 2016 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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