Italy: Footwear Treatments Market 2024

Footwear Treatments Market Size in Italy

The Italian footwear treatments market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption saw a temperate increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Footwear Treatments Production in Italy

In value terms, footwear treatments production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Footwear Treatments Exports

Exports from Italy

In 2022, the amount of polishes and creams for footwear or leather exported from Italy reduced slightly to X tons, declining by -4% on the previous year's figure. Overall, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2013 when exports increased by 22% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports reduced modestly to $X in 2022. Over the period under review, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for footwear treatments exports from Italy, accounting for a 20% share of total exports. Moreover, footwear treatments exports to India exceeded the volume sent to the second major destination, China (X tons), twofold. South Africa (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.7% per year) and South Africa (+23.2% per year).

In value terms, the largest markets for footwear treatments exported from Italy were India ($X), Russia ($X) and South Africa ($X), with a combined 33% share of total exports. China, Japan, the United States, Germany, Turkey, Mexico, Romania, Saudi Arabia, Bangladesh and the UK lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Mexico, with a CAGR of +22.6%, recorded the highest rates of growth with regard to 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 2022, the average footwear treatments export price amounted to $X per ton, increasing by 1.5% against the previous year. Overall, the export price showed slight growth. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Italy

In 2022, overseas purchases of polishes and creams for footwear or leather decreased by -21.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2015 with an increase of 21%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, footwear treatments imports shrank dramatically to $X in 2022. In general, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of footwear treatments imports to Italy, with a combined 67% share of total imports. Turkey, Belgium, China, Serbia and France lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +44.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear treatments suppliers to Italy were the Netherlands ($X), Spain ($X) and Germany ($X), with a combined 63% share of total imports. Belgium, Turkey, France, China and Serbia lagged somewhat behind, together accounting for a further 30%.

Belgium, with a CAGR of +44.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average footwear treatments import price amounted to $X per ton, which is down by -8.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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