South Africa: Leather Footwear Market 2022

Leather Footwear Market Size in South Africa

The South African leather footwear market declined to $X in 2017, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt slump. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. South Africa consumption peaked at $X in 2007; however, from 2008 to 2017, consumption stood at a somewhat lower figure.

Leather Footwear Exports

Exports from South Africa

In 2017, approx. X pairs of leather footwear were exported from South Africa; jumping by X% against 2016. The total export volume increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, leather footwear exports surged to $X in 2017. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2012 to 2017, the growth exports failed to regain the momentum.

Exports by Country

China was the main exporter of leather footwear in the world, with the volume of exports reaching X pairs, which was approx. X% of total exports in 2017. Vietnam (X pairs) took a X% share (based on tons) of total exports, which put it in second place, followed by Italy (X%) and India (X%). 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. While the share of Vietnam (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2017, the share of Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries from South Africa were China ($X), Italy ($X) and Vietnam ($X), with a combined X% share of total exports.

In terms of 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 South Africa stood at $X per pair in 2017, dropping by -X% against the previous year. Overall, the export price saw a perceptible decline. The growth pace was the most rapid in 2016 an increase of X% year-to-year. South Africa export price peaked at $X per pair in 2007; however, from 2008 to 2017, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2017, 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 South Africa

In 2017, supplies from abroad of leather footwear was finally on the rise to reach X pairs after five years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X pairs in 2007; however, from 2008 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports reduced to $X in 2017. Over the period under review, imports, however, showed a slight setback. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2012 to 2017, the growth imports remained at a somewhat lower figure.

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 constituting 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 most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into South Africa, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in the United States stood at -X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in South Africa stood at $X per pair in 2017, with a decrease of -X% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 when the import price increased by X% year-to-year. South Africa import price peaked at $X per pair in 2016, and then dropped in the following year.

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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