Kuwait: Leather Footwear Market 2022

Leather Footwear Market Size in Kuwait

In 2017, the Kuwaiti leather footwear market decreased by -X% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2017, consumption stood at a somewhat lower figure.

Leather Footwear Exports

Exports from Kuwait

After two years of decline, overseas shipments of leather footwear increased by X% to X pairs in 2017. Over the period under review, exports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Kuwait exports peaked at X pairs in 2011; however, from 2012 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports soared to $X in 2017. Overall, total exports indicated a notable increase from 2007 to 2017: its value decreased 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 2017 figures, exports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2015 to 2017, the growth exports remained at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of about X pairs, which resulted at X% of total exports. It was distantly followed by Vietnam (X pairs), Italy (X pairs) and India (X pairs), together creating a X% share of total exports. 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, the largest leather footwear supplying countries from Kuwait were China ($X), Italy ($X) and Vietnam ($X), together comprising X% of total exports.

In terms of the main exporting countries, Vietnam recorded 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 Kuwait amounted to $X per pair, shrinking by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Kuwait export price peaked at $X per pair in 2016, and then contracted in the following year.

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 Kuwait

In 2017, overseas purchases of leather footwear increased by X% to X pairs, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X pairs in 2007; however, from 2008 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports reduced to $X in 2017. The total import value increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 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) were the key importers of leather footwear, together creating 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) took a minor 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 ($X) constitutes the largest market for imported leather footwear into Kuwait, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, leather footwear imports declined by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Kuwait stood at $X per pair in 2017, reducing by -X% against the previous year. Over the period under review, import price indicated measured growth from 2007 to 2017: 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 2017 figures, leather footwear import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, import price attained the peak level of $X per pair. from 2013 to 2017, the growth in terms of the import prices remained at a somewhat lower figure.

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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