New Zealand: Leather Footwear Market 2024

Leather Footwear Market Size in New Zealand

In 2021, the New Zealand leather footwear market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Leather Footwear Exports

Exports from New Zealand

In 2021, shipments abroad of leather footwear increased by 7.3% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 18% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, leather footwear exports rose notably to $X in 2021. In general, exports, however, showed a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for leather footwear exports from New Zealand, accounting for a 76% share of total exports. Moreover, leather footwear exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X tons), more than tenfold. Samoa (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at -20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+17.4% per year) and Samoa (+24.2% per year).

In value terms, Australia ($X) remains the key foreign market for leather footwear exports from New Zealand, comprising 66% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports. It was followed by the United States, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled -17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+6.7% per year) and the United States (-31.4% per year).

Export Prices by Country

The average leather footwear export price stood at $X per kg in 2021, standing approx. at the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2020 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per kg), while the average price for exports to India ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into New Zealand

In 2021, overseas purchases of leather footwear were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a perceptible shrinkage. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, leather footwear imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of leather footwear to New Zealand, accounting for a 53% share of total imports. Moreover, leather footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. The third position in this ranking was held by Indonesia (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+3.0% per year) and Indonesia (+5.4% per year).

In value terms, China ($X) constituted the largest supplier of leather footwear to New Zealand, comprising 46% of total imports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.8% per year) and Italy (+5.4% per year).

Import Prices by Country

In 2021, the average leather footwear import price amounted to $X per kg, picking up by 5% against the previous year. Over the last nine years, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 18%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per kg), while the price for Indonesia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform