South Africa: Footwear Treatments Market 2024

Footwear Treatments Market Size in South Africa

The South African footwear treatments market dropped notably to $X in 2022, declining by -79.3% against the previous year. In general, consumption recorded a precipitous slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Footwear Treatments Production in South Africa

In value terms, footwear treatments production shrank to $X in 2022 estimated in export price. Overall, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 19% against the previous year. Footwear treatments production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Footwear Treatments Exports

Exports from South Africa

In 2022, shipments abroad of polishes and creams for footwear or leather increased by 53% to X tons, rising for the second year in a row after two years of decline. In general, 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 +75.9% against 2020 indices. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports surged to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +102.2% against 2020 indices. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for footwear treatments exports from South Africa, accounting for a 37% share of total exports. Moreover, footwear treatments exports to Nigeria exceeded the volume sent to the second major destination, Zimbabwe (X tons), fourfold. The third position in this ranking was held by Botswana (X tons), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+1.3% per year) and Botswana (-2.4% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for polishes and creams for footwear or leather exports from South Africa, comprising 35% of total exports. The second position in the ranking was held by Botswana ($X), with a 12% share of total exports. It was followed by Zimbabwe, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-0.9% per year) and Zimbabwe (+0.6% per year).

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2022, reducing by -2.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into South Africa

In 2022, purchases abroad of polishes and creams for footwear or leather increased by 81% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, footwear treatments imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest footwear treatments supplier to South Africa, accounting for a 64% share of total imports. Moreover, footwear treatments imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.1% per year) and Indonesia (+0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of polishes and creams for footwear or leather to South Africa, comprising 63% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.7% share of total imports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.3% per year) and China (+4.4% per year).

Import Prices by Country

In 2022, the average footwear treatments import price amounted to $X per ton, reducing by -30.3% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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