Finland: Leather Footwear Market 2022

Leather Footwear Market Size in Finland

In 2017, the Finnish leather footwear market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2017, consumption failed to regain the momentum.

Leather Footwear Production in Finland

In value terms, leather footwear production dropped to $X in 2017 estimated in export prices. Overall, production showed a abrupt slump. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Finland production peaked at $X in 2008; however, from 2009 to 2017, production stood at a somewhat lower figure.

Leather Footwear Exports

Exports from Finland

After three years of decline, shipments abroad of leather footwear increased by X% to X pairs in 2017. Overall, exports, however, recorded a perceptible descent. Finland exports peaked at X pairs in 2013; however, from 2014 to 2017, exports failed to regain the momentum.

In value terms, leather footwear exports surged to $X in 2017. In general, exports, however, saw a perceptible downturn. Finland exports peaked at $X in 2013; however, from 2014 to 2017, exports failed to regain the momentum.

Exports by Country

China was the main exporting country with an export of around X pairs, which recorded X% of total exports. Vietnam (X pairs) ranks second in terms of the total exports with a X% share, followed by Italy (X%) and India (X%). The following exporters - 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) - 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, 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.

Vietnam recorded the highest rates of growth with regard to 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 Finland amounted to $X per pair, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. Finland export price peaked at $X per pair in 2011; however, from 2012 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 Finland

In 2017, overseas purchases of leather footwear decreased by -X% to X pairs, falling for the fifth year in a row after two years of growth. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Finland imports peaked at X pairs in 2008; however, from 2009 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports expanded notably to $X in 2017. Over the period under review, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2008; however, from 2009 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) were the largest 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) occupied a little share of total imports.

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 ($X) constitutes the largest market for imported leather footwear into Finland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($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 Finland amounted to $X per pair, rising 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 2008 when the import price increased by X% year-to-year. Over the period under review, import prices attained the maximum in 2017 and is expected to retain growth in the near future.

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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