Southern Asia: Footwear Treatments Market 2024

Footwear Treatments Market Size in Southern Asia

The South Asian footwear treatments market declined to $X in 2022, approximately reflecting the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Footwear Treatments Production in Southern Asia

In value terms, footwear treatments production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a slight contraction. The pace of growth appeared the most rapid in 2014 with an increase of 10% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Footwear Treatments Exports

Exports in Southern Asia

In 2022, the amount of polishes and creams for footwear or leather exported in Southern Asia shrank remarkably to X tons, which is down by -49.3% against 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 92%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, footwear treatments exports fell to $X in 2022. In general, exports showed a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 87%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) was the key exporter of polishes and creams for footwear or leather, constituting 71% of total exports. It was distantly followed by Pakistan (X tons), committing a 29% share of total exports.

Exports from India decreased at an average annual rate of -10.6% from 2012 to 2022. Pakistan (-2.0%) illustrated a downward trend over the same period. While the share of Pakistan (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-14.9 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest footwear treatments supplier in Southern Asia, comprising 84% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to -7.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of 80% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+4.0%).

Footwear Treatments Imports

Imports in Southern Asia

In 2022, approx. X tons of polishes and creams for footwear or leather were imported in Southern Asia; with an increase of 12% against 2021. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports surged to $X in 2022. Total imports indicated a noticeable increase 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, imports increased by +37.0% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 30% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons) and Pakistan (X tons) represented roughly 59% of total imports in 2022. Afghanistan (X tons) took the next position in the ranking, followed by Nepal (X tons) and Bangladesh (X tons). All these countries together held near 36% share of total imports. Sri Lanka (X tons) and Bhutan (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported polishes and creams for footwear or leather in Southern Asia, comprising 52% of total imports. The second position in the ranking was held by Pakistan ($X), with a 17% share of total imports. It was followed by Bangladesh, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +1.1%. In the other countries, the average annual rates were as follows: Pakistan (+8.3% per year) and Bangladesh (+4.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, increasing by 3.1% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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