Iran: Leather Footwear Market 2024

Leather Footwear Market Size in Iran

The Iranian leather footwear market plummeted to $X in 2021, with a decrease of -39.3% 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). Overall, consumption saw a dramatic contraction. Leather footwear consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Leather Footwear Exports

Exports from Iran

In 2021, overseas shipments of leather footwear were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2017 when exports increased by 104%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, leather footwear exports expanded markedly to $X in 2021. Over the period under review, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2017 with an increase of 124% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for leather footwear exports from Iran, with a 71% share of total exports. Moreover, leather footwear exports to Azerbaijan exceeded the volume sent to the second major destination, Ukraine (X tons), ninefold. The third position in this ranking was taken by Australia (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan stood at +152.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-22.6% per year) and Australia (+24.8% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for leather footwear exports from Iran, comprising 37% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 15% share of total exports. It was followed by Iraq, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan amounted to +143.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-12.7% per year) and Iraq (+28.0% per year).

Export Prices by Country

The average leather footwear export price stood at $X per kg in 2021, reducing by -11.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum at $X per kg in 2020, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per kg), while the average price for exports to Azerbaijan ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Iran

Leather footwear imports into Iran dropped dramatically to X tons in 2021, reducing by -54.6% compared with 2020. Over the period under review, imports recorded a sharp slump. The growth pace was the most rapid in 2017 with an increase of 50% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, leather footwear imports reduced remarkably to $X in 2021. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 78% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest leather footwear supplier to Iran, with a 60% share of total imports. Moreover, leather footwear imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-3.4% per year) and the United Arab Emirates (-41.6% per year).

In value terms, China ($X) constituted the largest supplier of leather footwear to Iran, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.8% per year) and the United Arab Emirates (-31.6% per year).

Import Prices by Country

The average leather footwear import price stood at $X per kg in 2021, with an increase of 84% against the previous year. Over the period under review, the import price recorded prominent growth. Over the period under review, average import prices reached the peak figure at $X per kg in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per kg), while the price for Turkey ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform