Scandinavia: Leather Footwear Market 2024

Leather Footwear Market Size in Scandinavia

In 2021, the Scandinavia leather footwear market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 4.2%. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Leather Footwear Production in Scandinavia

In value terms, leather footwear production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 8.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Leather Footwear Exports

Exports in Scandinavia

In 2021, shipments abroad of leather footwear increased by 5.4% to X tons, rising for the seventh year in a row after two years of decline. Total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.4% against 2014 indices. The pace of growth was the most pronounced in 2019 when exports increased by 26%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, leather footwear exports reached $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.6% against 2015 indices. The pace of growth appeared the most rapid in 2019 with an increase of 22% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Sweden prevails in exports structure, recording X tons, which was near 83% of total exports in 2021. Finland (X tons) held the second position in the ranking, followed by Norway (X tons). All these countries together took approx. 17% share of total exports.

Exports from Sweden increased at an average annual rate of +6.3% from 2012 to 2021. At the same time, Norway (+8.9%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.9% from 2012-2021. By contrast, Finland (-5.1%) illustrated a downward trend over the same period. While the share of Sweden (+11 p.p.) and Norway (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-13.6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest leather footwear supplier in Scandinavia, comprising 84% of total exports. The second position in the ranking was taken by Finland ($X), with an 8.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +8.2%. In the other countries, the average annual rates were as follows: Finland (-7.2% per year) and Norway (+13.2% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per kg, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 14%. As a result, the export price attained the peak level of $X per kg. From 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per kg), while Finland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Leather Footwear Imports

Imports in Scandinavia

In 2021, the amount of leather footwear imported in Scandinavia dropped slightly to X tons, with a decrease of -4.8% against the previous year. Over the period under review, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2019 with an increase of 7.2% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, leather footwear imports rose notably to $X in 2021. Overall, imports showed a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of 5.6% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the major importer of leather footwear in Scandinavia, with the volume of imports resulting at X tons, which was approx. 59% of total imports in 2021. Norway (X tons) ranks second in terms of the total imports with a 30% share, followed by Finland (11%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of +2.1%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest leather footwear importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X), together comprising 99.9% of total imports.

Among the main importing countries, Sweden, with a CAGR of +1.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per kg, surging by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per kg), while Finland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform