SADC: Footwear Market 2024

Footwear Market Size in SADC

The SADC footwear market shrank modestly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Footwear Production in SADC

In value terms, footwear production reduced slightly to $X in 2022 estimated in export price. The total production indicated noticeable 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Footwear Exports

Exports in SADC

In 2022, footwear exports in SADC declined to X pairs, falling by X% on 2021 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X pairs in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, footwear exports amounted to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X pairs, which was near X% of total exports in 2022. Mauritius (X pairs), Lesotho (X pairs) and Tanzania (X pairs) held a little share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of footwear. At the same time, Tanzania (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Lesotho (X%) illustrated a downward trend over the same period. Lesotho (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest footwear supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Lesotho ($X), with a X% share of total exports. It was followed by Mauritius, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Lesotho (X% per year) and Mauritius (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per pair, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lesotho ($X per pair), while South Africa ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Footwear Imports

Imports in SADC

In 2022, imports of footwear in SADC reduced to X pairs, shrinking by X% against 2021 figures. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X pairs in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports dropped to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, recording X pairs, which was approx. X% of total imports in 2022. The following importers - Botswana (X pairs), Angola (X pairs), Namibia (X pairs), Mozambique (X pairs), Democratic Republic of the Congo (X pairs), Tanzania (X pairs) and Mauritius (X pairs) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to footwear imports into South Africa stood at X%. At the same time, Botswana (X%), Namibia (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Mozambique (X%), Mauritius (X%), Angola (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. Botswana (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total imports, while Angola and Democratic Republic of the Congo saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported footwear in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

In South Africa, footwear imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Angola (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per pair, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per pair), while Democratic Republic of the Congo ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform