Luxembourg: Leather Footwear Market 2022

Leather Footwear Market Size in Luxembourg

For the third year in a row, the Luxembourg leather footwear market recorded decline in sales value, which decreased by -X% to $X in 2017. Overall, consumption, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. Luxembourg consumption peaked at $X in 2011; however, from 2012 to 2017, consumption remained at a lower figure.

Leather Footwear Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded growth in overseas shipments of leather footwear, which increased by X% to X pairs in 2017. Over the period under review, total exports indicated a resilient expansion from 2007 to 2017: its volume 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, exports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2017 and are expected to retain growth in the immediate term.

In value terms, leather footwear exports totaled $X in 2017. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Luxembourg exports peaked in 2017 and are expected to retain growth in years to come.

Exports by Country

China represented the main exporting country with an export of about X pairs, which finished at X% of total exports. It was distantly followed by Vietnam (X pairs), Italy (X pairs) and India (X pairs), together generating a X% share of total exports. 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) held a little share 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. From 2007 to 2017, the share of Vietnam and India increased by +X% and +X% percentage points, while Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries from Luxembourg were China ($X), Italy ($X) and Vietnam ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Vietnam 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

The leather footwear export price in Luxembourg 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 2014 when the export price increased by X% y-o-y. As a result, export price reached the peak level of $X per pair. from 2015 to 2017, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2017, 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 Luxembourg

In 2017, approx. X pairs of leather footwear were imported into Luxembourg; increasing by X% against 2016. In general, imports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. As a result, imports attained the peak of X pairs. from 2010 to 2017, the growth imports remained at a somewhat lower figure.

In value terms, leather footwear imports fell slightly to $X in 2017. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Luxembourg imports peaked at $X in 2011; however, from 2012 to 2017, imports stood at a somewhat 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 little 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 ($X) constitutes the largest market for imported leather footwear into Luxembourg, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual growth rate of value in the United States totaled -X%. 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 Luxembourg stood at $X per pair in 2017, dropping by -X% against the previous year. Overall, import price indicated a measured expansion 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 pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, import prices attained the peak figure at $X per pair in 2015; however, from 2016 to 2017, import prices remained at a 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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