Nigeria: Leather Footwear Market 2022

Leather Footwear Market Size in Nigeria

In 2017, the Nigerien leather footwear market increased by X% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption saw resilient growth. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Nigeria consumption peaked in 2017 and is likely to continue growth in years to come.

Leather Footwear Exports

Exports from Nigeria

In 2017, after two years of growth, there was significant decline in shipments abroad of leather footwear, when their volume decreased by -X% to X pairs. In general, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Nigeria exports peaked at X pairs in 2007; however, from 2008 to 2017, exports stood at a somewhat lower figure.

In value terms, leather footwear exports shrank sharply to $X in 2017. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2016, and then fell remarkably in the following year.

Exports by Country

China was the key exporter of leather footwear in the world, with the volume of exports finishing at X pairs, which was near X% of total exports in 2017. Vietnam (X pairs) took the second position in the ranking, followed by Italy (X pairs) and India (X pairs). All these countries together held near 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. While the share of Vietnam (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2017, together comprising X% of total exports.

Among 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

The leather footwear export price in Nigeria stood at $X per pair in 2017, reducing by -X% against the previous year. In general, export price indicated noticeable growth 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 decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. Over the period under review, export prices attained the maximum at $X per pair in 2015; however, from 2016 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 Nigeria

In 2017, approx. X pairs of leather footwear were imported into Nigeria; increasing by X% against the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X pairs in 2015; however, from 2016 to 2017, imports failed to regain the momentum.

In value terms, leather footwear imports expanded modestly to $X in 2017. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2017 and are likely to see steady growth in the near future.

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) represented the main importers of leather footwear, together mixing up X% of total imports. The following importers - 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) - together made up X% 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 ($X) constitutes the largest market for imported leather footwear into Nigeria, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, leather footwear imports contracted 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 Nigeria stood at $X per pair in 2017, approximately mirroring the previous year. In general, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. Nigeria import price peaked at $X per pair in 2016, and then shrank modestly in the following year.

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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