SADC: Footwear Treatments Market 2024

Footwear Treatments Market Size in SADC

The SADC footwear treatments market fell dramatically to $X in 2022, which is down by -29.1% against the previous year. In general, consumption continues to indicate a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Footwear Treatments Production in SADC

In value terms, footwear treatments production declined to $X in 2022 estimated in export price. Overall, production recorded a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 32% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Footwear Treatments Exports

Exports in SADC

In 2022, shipments abroad of polishes and creams for footwear or leather increased by 53% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 +76.9% against 2020 indices. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear treatments exports soared to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +102.5% against 2020 indices. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) represented roughly 98% of total exports in 2022.

South Africa was also the fastest-growing in terms of the polishes and creams for footwear or leather exports, with a CAGR of +1.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest footwear treatments supplier in SADC.

In South Africa, footwear treatments exports expanded at an average annual rate of +2.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, dropping by -2.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 24%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +0.8% per year.

Footwear Treatments Imports

Imports in SADC

In 2022, approx. X tons of polishes and creams for footwear or leather were imported in SADC; which is down by -7.2% against 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, footwear treatments imports shrank markedly to $X in 2022. In general, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the eleven major importers of polishes and creams for footwear or leather, namely South Africa, Zimbabwe, Democratic Republic of the Congo, Tanzania, Zambia, Botswana, Namibia, Swaziland, Angola, Mozambique and Lesotho, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), South Africa ($X) and Zambia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Zimbabwe, Democratic Republic of the Congo, Tanzania, Namibia, Swaziland, Lesotho, Angola and Mozambique lagged somewhat behind, together accounting for a further 51%.

Mozambique, with a CAGR of +6.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, which is down by -8.7% against the previous year. Overall, the import price showed a slight shrinkage. The growth pace was the most rapid in 2013 when the import price increased by 11%. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Botswana ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform