Pakistan: Footwear Treatments Market 2024

Footwear Treatments Market Size in Pakistan

The Pakistani footwear treatments market expanded remarkably to $X in 2022, growing by 9.1% against the previous year. Overall, consumption, however, saw a perceptible setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Footwear Treatments Production in Pakistan

In value terms, footwear treatments production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible decline. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Footwear Treatments Exports

Exports from Pakistan

Footwear treatments exports from Pakistan reduced dramatically to X tons in 2022, which is down by -78.2% on 2021. Over the period under review, exports recorded a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 119% against the previous year. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, footwear treatments exports shrank notably to $X in 2022. In general, exports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of 96% against the previous year. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Afghanistan (X tons) was the main destination for footwear treatments exports from Pakistan, with a 89% share of total exports. Moreover, footwear treatments exports to Afghanistan exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.0% per year) and Canada (+91.6% per year).

In value terms, Afghanistan ($X) remains the key foreign market for polishes and creams for footwear or leather exports from Pakistan, comprising 91% of total exports. The second position in the ranking was held by the UK ($X), with a 5.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Afghanistan stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.5% per year) and Canada (+88.4% per year).

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2022, picking up by 45% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Treatments Imports

Imports into Pakistan

In 2022, supplies from abroad of polishes and creams for footwear or leather increased by 15% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 134% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, footwear treatments imports expanded rapidly to $X in 2022. In general, imports recorded prominent growth. The growth pace was the most rapid in 2014 when imports increased by 120% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of footwear treatments to Pakistan, with a 59% share of total imports. Moreover, footwear treatments imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+30.8% per year) and Italy (+10.1% per year).

In value terms, China ($X) constituted the largest supplier of polishes and creams for footwear or leather to Pakistan, comprising 51% of total imports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+29.7% per year) and Italy (+4.8% per year).

Import Prices by Country

In 2022, the average footwear treatments import price amounted to $X per ton, with a decrease of -4.3% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 43%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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