Latin America and the Caribbean: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2025

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Latin America and the Caribbean

In 2021, the Latin American market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a noticeable descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Latin America and the Caribbean

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports in Latin America and the Caribbean

In 2021, shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, showed a abrupt setback. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021. In general, exports, however, saw a abrupt curtailment. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil represented the largest exporting country with an export of about X tons, which reached 62% of total exports. It was distantly followed by Panama (X tons), committing a 27% share of total exports. The following exporters - Mexico (X tons) and Guatemala (X tons) - each amounted to a 5.8% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap. At the same time, Guatemala (+5.4%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +5.4% from 2012-2021. By contrast, Mexico (-3.5%) and Panama (-13.3%) illustrated a downward trend over the same period. While the share of Brazil (+27 p.p.) and Guatemala (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Panama (-29.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier in Latin America and the Caribbean, comprising 60% of total exports. The second position in the ranking was taken by Panama ($X), with a 25% share of total exports. It was followed by Mexico, with an 8.5% share.

In Brazil, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap plunged by an average annual rate of -2.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Panama (-10.4% per year) and Mexico (-0.0% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2017 an increase of 27%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports in Latin America and the Caribbean

In 2021, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap in Latin America and the Caribbean fell slightly to X tons, shrinking by -3.1% against 2020. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 2%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose modestly to $X in 2021. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 8.3% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, namely Colombia, Mexico, Chile, Peru, Panama, Venezuela, Guatemala, Haiti, Honduras, Argentina, Costa Rica and Bolivia, represented more than two-thirds of total import. El Salvador (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guatemala (with a CAGR of +7.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 44% share of total imports. These countries were followed by Peru, Argentina, Panama, Venezuela, Guatemala, Costa Rica, Haiti, El Salvador, Honduras and Bolivia, which together accounted for a further 41%.

Among the main importing countries, Guatemala, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, rising by 7.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Haiti (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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