Peru: Leather Footwear Market 2022

Leather Footwear Market Size in Peru

After two years of decline, the Peruvian leather footwear market increased by X% to $X in 2017. Over the period under review, consumption, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2017, consumption stood at a somewhat lower figure.

Leather Footwear Exports

Exports from Peru

In 2017, approx. X pairs of leather footwear were exported from Peru; picking up by X% compared with the previous year's figure. Overall, exports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X pairs in 2011; however, from 2012 to 2017, exports failed to regain the momentum.

In value terms, leather footwear exports skyrocketed to $X in 2017. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2017 and are likely to see steady growth in the immediate term.

Exports by Country

China was the major exporting country with an export of around X pairs, which amounted to X% of total exports. Vietnam (X pairs) took the second position in the ranking, followed by Italy (X pairs) and India (X pairs). All these countries together took approx. 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. Vietnam (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while Indonesia and Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries from Peru were China ($X), Italy ($X) and Vietnam ($X), together comprising X% of total exports.

Among the main exporting countries, Vietnam saw the highest growth rate of 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 Peru stood at $X per pair in 2017, rising by X% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Peru export price peaked in 2017 and is expected to retain growth in the near future.

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 Peru

In 2017, supplies from abroad of leather footwear decreased by -X% to X pairs, falling for the fourth consecutive year after four years of growth. In general, total imports indicated prominent growth from 2007 to 2017: 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 2017 figures, imports decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Peru imports peaked at X pairs in 2013; however, from 2014 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports expanded modestly to $X in 2017. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Peru imports peaked at $X in 2013; however, from 2014 to 2017, imports failed to regain the momentum.

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 major importers of leather footwear, together making up X% of total imports. 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) followed a long way behind the leaders.

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 ($X) constitutes the largest market for imported leather footwear into Peru, comprising X% of global imports. The second position in the ranking was occupied by Germany ($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

In 2017, the leather footwear import price in Peru amounted to $X per pair, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012 when the import price increased by X% year-to-year. Peru import price peaked at $X per pair in 2014; however, from 2015 to 2017, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; 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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