Pakistan: Footwear Market 2024

Footwear Market Size in Pakistan

The Pakistani footwear market dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a noticeable shrinkage. Footwear consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Footwear Production in Pakistan

In value terms, footwear production dropped slightly to $X in 2022 estimated in export price. In general, production showed a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Footwear production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Footwear Exports

Exports from Pakistan

In 2022, the amount of footwear exported from Pakistan surged to X pairs, with an increase of X% on the year before. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume 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 2022 figures, exports increased by X% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, footwear exports skyrocketed to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: 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 2022 figures, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X pairs), Italy (X pairs) and the United States (X pairs) were the main destinations of footwear exports from Pakistan, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) were the largest markets for footwear exported from Pakistan worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per pair in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per pair), while the average price for exports to Yemen ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Pakistan

In 2022, approx. X pairs of footwear were imported into Pakistan; waning by X% on the previous year's figure. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X pairs in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports fell dramatically to $X in 2022. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) was the main footwear supplier to Pakistan, with a X% share of total imports. It was followed by Vietnam (X pairs), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average footwear import price amounted to $X per pair, increasing by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: 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 2022 figures, footwear import price decreased by X% against 2020 indices. Over the period under review, average import prices hit record highs at $X per pair in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :