Northern America: Footwear Treatments Market 2024

Footwear Treatments Market Size in Northern America

In 2022, the North American footwear treatments market was finally on the rise to reach $X after two years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Footwear Treatments Production in Northern America

In value terms, footwear treatments production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 35%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Footwear Treatments Exports

Exports in Northern America

For the fourth consecutive year, Northern America recorded growth in overseas shipments of polishes and creams for footwear or leather, which increased by 10% to X tons in 2022. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, footwear treatments exports expanded notably to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Canada (X tons), comprising a 5.5% share of total exports.

The United States was also the fastest-growing in terms of the polishes and creams for footwear or leather exports, with a CAGR of +9.0% from 2012 to 2022. Canada (-10.4%) illustrated a downward trend over the same period. While the share of the United States (+24 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-23.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest footwear treatments supplier in Northern America, comprising 92% of total exports. The second position in the ranking was held by Canada ($X), with a 7.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +7.5%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, shrinking by -4.6% against the previous year. Overall, the export price saw a slight decline. The most prominent rate of growth was recorded in 2018 when the export price increased by 12%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.4%).

Footwear Treatments Imports

Imports in Northern America

After two years of decline, purchases abroad of polishes and creams for footwear or leather increased by 44% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, footwear treatments imports surged to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the key importer of polishes and creams for footwear or leather in Northern America, with the volume of imports amounting to X tons, which was approx. 70% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 30% share of total imports.

The United States was also the fastest-growing in terms of the polishes and creams for footwear or leather imports, with a CAGR of +1.3% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +3.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported polishes and creams for footwear or leather in Northern America, comprising 67% of total imports. The second position in the ranking was taken by Canada ($X), with a 33% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +1.7%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, which is down by -4.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 9% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.8%).

Source: IndexBox Platform

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