Latin America and the Caribbean: Leather Footwear Market 2022

Leather Footwear Market Size in Latin America and the Caribbean

In 2017, the Latin American leather footwear market was finally on the rise to reach $X for the first time since 2011, thus ending a five-year declining trend. In general, consumption, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2009 to 2017, the growth of the market failed to regain the momentum.

Leather Footwear Production in Latin America and the Caribbean

In value terms, leather footwear production expanded sharply to $X in 2017 estimated in export prices. Over the period under review, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2009 to 2017, production growth failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of leather footwear production in 2017 were Brazil (X pairs), Mexico (X pairs) and the Dominican Republic (X pairs), with a combined X% share of total production. These countries were followed by El Salvador and Panama, which together accounted for a further X 2007 to 2017, the biggest increases were in El Salvador, while leather footwear production for the other leaders experienced mixed trends in the production figures.

Leather Footwear Exports

Exports in Latin America and the Caribbean

In 2017, the amount of leather footwear exported in Latin America and the Caribbean shrank to X pairs, reducing by -X% on the previous year. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. The volume of export peaked at X pairs in 2007; however, from 2008 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports declined slightly to $X in 2017. Over the period under review, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2017, exports remained at a lower figure.

Exports by Country

Brazil represented the major exporting country with an export of about X pairs, which amounted to X% of total exports. The Dominican Republic (X pairs) ranks second in terms of the total exports with a X% share, followed by Mexico (X%) and Panama (X%). El Salvador (X pairs) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Dominican Republic, while exports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and the Dominican Republic ($X) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Among the main exporting countries, the Dominican Republic saw 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 Latin America and the Caribbean amounted to $X per pair, with an increase of X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. The level of export peaked at $X per pair in 2013; however, from 2014 to 2017, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following prices: in Mexico ($X per pair) and Panama ($X per pair), while Brazil ($X per pair) and El Salvador ($X per pair) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports in Latin America and the Caribbean

In 2017, supplies from abroad of leather footwear was finally on the rise to reach X pairs after three years of decline. The total import volume 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 most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The volume of import peaked at X pairs in 2013; however, from 2014 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports expanded slightly to $X in 2017. Total imports indicated temperate growth from 2007 to 2017: 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 2017 figures, imports decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. The level of import peaked at $X in 2013; however, from 2014 to 2017, imports stood at a somewhat lower figure.

Imports by Country

In 2017, Chile (X pairs), distantly followed by Mexico (X pairs), Argentina (X pairs), Brazil (X pairs), Panama (X pairs) and Peru (X pairs) represented the key importers of leather footwear, together creating X% of total imports. Colombia (X pairs), Venezuela (X pairs), Uruguay (X pairs), Bahamas (X pairs), Bolivia (X pairs), Cuba (X pairs) and Honduras (X pairs) occupied a minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bolivia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest leather footwear importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Argentina ($X), with a combined X% share of total imports. These countries were followed by Peru, Brazil, Panama, Colombia, Venezuela, Uruguay, Bolivia, Cuba, Honduras and Bahamas, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The leather footwear import price in Latin America and the Caribbean stood at $X per pair in 2017, falling by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The level of import peaked at $X per pair in 2014; however, from 2015 to 2017, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2017, the country with the highest price was Mexico ($X per pair), while Bahamas ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Bolivia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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