MERCOSUR: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in MERCOSUR

In 2022, the MERCOSUR market for footwear with uppers of textile materials increased by 7.3% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Footwear with Uppers of Textile Materials in MERCOSUR

In value terms, production of footwear with uppers of textile materials reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports in MERCOSUR

In 2022, overseas shipments of footwear with uppers of textile materials increased by 9.6% to X pairs, rising for the second year in a row after four years of decline. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 65%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, exports of footwear with uppers of textile materials soared to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 60%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in materials structure, reaching X pairs, which was approx. 93% of total exports in 2022. The following exporters - Colombia (X pairs) and Peru (X pairs) - each accounted for a 3.9% share of total exports.

Brazil was also the fastest-growing in terms of the footwear with uppers of textile materials exports, with a CAGR of +14.6% from 2012 to 2022. At the same time, Colombia (+2.2%) displayed positive paces of growth. By contrast, Peru (-11.4%) illustrated a downward trend over the same period. Brazil (+37 p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Peru saw its share reduced by -2% and -11.2% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest footwear with uppers of textile materials supplier in MERCOSUR, comprising 89% of total exports. The second position in the ranking was taken by Colombia ($X), with a 1.7% share of total exports.

In Brazil, exports of footwear with uppers of textile materials expanded at an average annual rate of +12.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (+0.5% per year) and Peru (-7.8% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per pair in 2022, increasing by 22% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. Over the period under review, the export prices attained the maximum at $X per pair in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per pair), while Colombia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.1%), while the other leaders experienced a decline in the export price figures.

Imports of Footwear with Uppers of Textile Materials

Imports in MERCOSUR

In 2022, purchases abroad of footwear with uppers of textile materials increased by 3% to X pairs, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of footwear with uppers of textile materials rose notably to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile represented the key importing country with an import of about X pairs, which accounted for 46% of total imports. It was distantly followed by Peru (X pairs), Brazil (X pairs), Argentina (X pairs), Colombia (X pairs) and Uruguay (X pairs), together achieving a 51% share of total imports. Ecuador (X pairs) held a little share of total imports.

Imports into Chile increased at an average annual rate of +8.2% from 2012 to 2022. At the same time, Argentina (+24.7%), Peru (+8.2%) and Uruguay (+3.8%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +24.7% from 2012-2022. By contrast, Ecuador (-1.2%), Brazil (-1.2%) and Colombia (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Peru and Argentina increased by +16, +7.4 and +7.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported footwear with uppers of textile materials in MERCOSUR, comprising 37% of total imports. The second position in the ranking was held by Peru ($X), with an 18% share of total imports. It was followed by Argentina, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile stood at +3.7%. In the other countries, the average annual rates were as follows: Peru (+7.0% per year) and Argentina (+24.1% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per pair, with an increase of 6.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 9.1%. The level of import peaked at $X per pair in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per pair), while Brazil ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform