Ecuador: Leather Footwear Market 2022

Leather Footwear Market Size in Ecuador

After three years of decline, the Ecuadorian leather footwear market increased by X% to $X in 2017. In general, consumption, however, showed a mild slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Ecuador consumption peaked at $X in 2013; however, from 2014 to 2017, consumption failed to regain the momentum.

Leather Footwear Exports

Exports from Ecuador

Leather footwear exports from Ecuador fell significantly to X pairs in 2017, reducing by -X% against the year before. Over the period under review, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Ecuador exports peaked at X pairs in 2012; however, from 2013 to 2017, exports stood at a somewhat lower figure.

In value terms, leather footwear exports dropped markedly to $X in 2017. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Ecuador exports peaked at $X in 2012; however, from 2013 to 2017, exports remained at a lower figure.

Exports by Country

China represented the key exporter of leather footwear in the world, with the volume of exports accounting for X pairs, which was approx. X% of total exports in 2017. Vietnam (X pairs) held a X% share (based on tons) of total exports, which put it in second place, followed by Italy (X%) and India (X%). 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) followed a long way behind the leaders.

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, China ($X), Italy ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam saw the highest growth rate of 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

In 2017, the leather footwear export price in Ecuador amounted to $X per pair, reducing by -X% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2010 when the export price increased by X% year-to-year. As a result, export price reached the peak level of $X per pair. from 2011 to 2017, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2017, 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 Ecuador

In 2017, overseas purchases of leather footwear were finally on the rise to reach X pairs after two years of decline. In general, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Ecuador imports peaked at X pairs in 2014; however, from 2015 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports rose remarkably to $X in 2017. Overall, imports, however, recorded a mild decrease. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Ecuador imports peaked at $X in 2013; however, from 2014 to 2017, imports remained at a 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) represented the largest importers of leather footwear, together creating X% of total imports. The following importers - 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) - together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Ecuador, comprising X% of global imports. The second position in the ranking was occupied by Germany ($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 Ecuador amounted to $X per pair, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 when the import price increased by X% against the previous year. Ecuador import price peaked at $X per pair in 2013; however, from 2014 to 2017, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2017, 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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