Indonesia: Footwear Market 2024

Footwear Market Size in Indonesia

The Indonesian footwear market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Footwear consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Footwear Production in Indonesia

In value terms, footwear production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Footwear Exports

Exports from Indonesia

In 2022, shipments abroad of footwear was finally on the rise to reach X pairs after five years of decline. In general, exports continue to indicate modest growth. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X pairs. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, footwear exports surged to $X in 2022. Overall, total exports indicated temperate growth from 2012 to 2022: 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 2022 figures, exports increased by X% against 2020 indices. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X pairs) was the main destination for footwear exports from Indonesia, accounting for a X% share of total exports. Moreover, footwear exports to the United States exceeded the volume sent to the second major destination, China (X pairs), threefold. Germany (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for footwear exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, declining by X% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price 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 2022 figures, footwear export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per pair in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per pair), while the average price for exports to Mexico ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Indonesia

In 2022, approx. X pairs of footwear were imported into Indonesia; increasing by X% compared with the previous year's figure. Over the period under review, imports saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports soared to $X in 2022. Overall, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear supplier to Indonesia, with a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), eightfold. The third position in this ranking was taken by Italy (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average footwear import price amounted to $X per pair, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The import price peaked at $X per pair in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Italy ($X per pair), while the price for Brazil ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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