Malaysia: Leather Footwear Market 2022

Leather Footwear Market Size in Malaysia

The Malaysian leather footwear market fell to $X in 2017, with a decrease of -X% against the previous year. In general, consumption, however, recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X, and then declined in the following year.

Leather Footwear Production in Malaysia

In value terms, leather footwear production fell to $X in 2017 estimated in export prices. Overall, the total production indicated a strong expansion 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, production increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016, and then reduced in the following year.

Leather Footwear Exports

Exports from Malaysia

In 2017, shipments abroad of leather footwear decreased by -X% to X pairs, falling for the second consecutive year after three years of growth. Overall, total exports indicated mild growth 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 decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X pairs in 2011; however, from 2012 to 2017, exports failed to regain the momentum.

In value terms, leather footwear exports contracted sharply to $X in 2017. Over the period under review, exports, however, saw a strong increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Malaysia exports peaked at $X in 2016, and then declined notably in the following year.

Exports by Country

In 2017, China (X pairs) represented the major exporter of leather footwear, committing X% of total exports. Vietnam (X pairs) held the second position in the ranking, followed by Italy (X pairs) and India (X pairs). All these countries together held approx. 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. 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, China ($X), Italy ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports.

Vietnam recorded the highest growth rate of the value of exports, among the main exporting countries 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 Malaysia amounted to $X per pair, which is down by -X% against the previous year. Over the period under review, export price indicated a remarkable increase 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 export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by X% y-o-y. Malaysia export price peaked at $X per pair in 2013; however, from 2014 to 2017, export prices stood at a somewhat lower figure.

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 Malaysia

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. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X pairs. from 2014 to 2017, the growth imports failed to regain the momentum.

In value terms, leather footwear imports dropped to $X in 2017. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Malaysia imports peaked at $X in 2016, and then shrank in the following year.

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 main importers of leather footwear, together committing 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 ($X) constitutes the largest market for imported leather footwear into Malaysia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($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

In 2017, the leather footwear import price in Malaysia amounted to $X per pair, which is down by -X% against the previous year. In general, the import price, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per pair. from 2016 to 2017, the growth in terms of the import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; 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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