Myanmar: Leather Footwear Market 2022

Leather Footwear Market Size in Myanmar

In 2017, the Myanmar's leather footwear market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2017, consumption failed to regain the momentum.

Leather Footwear Production in Myanmar

In value terms, leather footwear production reduced notably to $X in 2017 estimated in export prices. In general, production, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Myanmar production peaked at $X in 2015; however, from 2016 to 2017, production remained at a lower figure.

Leather Footwear Exports

Exports from Myanmar

In 2017, overseas shipments of leather footwear increased by X% to X pairs, rising for the third consecutive year after three years of decline. Over the period under review, exports saw prominent growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, leather footwear exports soared to $X in 2017. In general, total exports indicated a buoyant 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, exports increased by +X% against 2013 indices. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of about X pairs, which accounted for X% of total exports. Vietnam (X pairs) occupied 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. 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. Vietnam (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while Indonesia and Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main exporting countries, Vietnam saw 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

In 2017, the leather footwear export price in Myanmar amounted to $X per pair, declining by -X% against the previous year. In general, the export price, however, posted a notable expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per pair in 2015; however, from 2016 to 2017, export prices failed to regain the momentum.

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 Myanmar

Leather footwear imports into Myanmar surged to X pairs in 2017, jumping by X% compared with 2016. Overall, imports, however, showed a slight downturn. Myanmar imports peaked at X pairs in 2007; however, from 2008 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports surged to $X in 2017. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2017 and are likely to see gradual growth in years to come.

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 major importers of leather footwear, together making up 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 ($X) constitutes the largest market for imported leather footwear into Myanmar, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, leather footwear imports shrank by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Myanmar stood at $X per pair in 2017, dropping by -X% against the previous year. Over the period under review, the import price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, import prices reached the maximum at $X per pair in 2014; however, from 2015 to 2017, import prices stood at a somewhat 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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