MERCOSUR: Leather Footwear Market 2024

Leather Footwear Market Size in MERCOSUR

The MERCOSUR leather footwear market was finally on the rise to reach $X in 2021, after eight years of decline. Over the period under review, consumption continues to indicate a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Leather Footwear Production in MERCOSUR

In value terms, leather footwear production rose slightly to $X in 2021 estimated in export price. Overall, production saw a deep setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Leather Footwear Exports

Exports in MERCOSUR

Leather footwear exports soared to X tons in 2021, jumping by 27% compared with 2020. In general, exports, however, recorded a mild contraction. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, leather footwear exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was near 93% of total exports in 2021. Colombia (X tons) held a relatively small share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. At the same time, Colombia (+1.9%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +1.9% from 2012-2021. From 2012 to 2021, the share of Brazil increased by +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest leather footwear supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was held by Colombia ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at -4.9%.

Export Prices by Country

The export price in MERCOSUR stood at $X per kg in 2021, approximately mirroring the previous year. In general, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 8% against the previous year. The level of export peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per kg), while Colombia totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-4.3%).

Leather Footwear Imports

Imports in MERCOSUR

Leather footwear imports surged to X tons in 2021, picking up by 24% on the previous year's figure. Over the period under review, imports, however, showed a abrupt decline. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, leather footwear imports soared to $X in 2021. In general, imports, however, showed a noticeable curtailment. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Chile represented the key importer of leather footwear in MERCOSUR, with the volume of imports amounting to X tons, which was approx. 39% of total imports in 2021. Brazil (X tons) held the second position in the ranking, followed by Peru (X tons), Argentina (X tons), Colombia (X tons) and Uruguay (X tons). All these countries together held near 45% share of total imports. The following importers - Guyana (X tons) and Ecuador (X tons) - each resulted at an 8.6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to leather footwear imports into Chile stood at -3.2%. At the same time, Guyana (+17.8%) and Uruguay (+1.4%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +17.8% from 2012-2021. Argentina experienced a relatively flat trend pattern. By contrast, Ecuador (-1.3%), Peru (-5.2%), Brazil (-5.6%) and Colombia (-11.3%) illustrated a downward trend over the same period. While the share of Chile (+7.7 p.p.), Guyana (+3.7 p.p.), Argentina (+3.4 p.p.) and Uruguay (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Colombia (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported leather footwear in MERCOSUR, comprising 49% of total imports. The second position in the ranking was held by Brazil ($X), with an 11% share of total imports. It was followed by Colombia, with a 9.6% share.

In Chile, leather footwear imports shrank by an average annual rate of -1.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-2.5% per year) and Colombia (-9.0% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per kg in 2021, growing by 5.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 6.5%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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 Chile ($X per kg), while Guyana ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform