Spain: Footwear Treatments Market 2024

Footwear Treatments Market Size in Spain

For the fifth year in a row, the Spanish footwear treatments market recorded decline in sales value, which decreased by -83.8% to $X in 2022. In general, consumption faced a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Footwear Treatments Production in Spain

In value terms, footwear treatments production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 21%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Footwear Treatments Exports

Exports from Spain

In 2022, overseas shipments of polishes and creams for footwear or leather increased by 16% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, continue to indicate a noticeable curtailment. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, footwear treatments exports rose markedly to $X in 2022. Overall, exports, however, saw a noticeable reduction. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons), Benin (X tons) and Mexico (X tons) were the main destinations of footwear treatments exports from Spain, with a combined 46% share of total exports. France, Portugal, the United States, Italy, India, Canada, Germany, Peru, the UK and Poland lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +21.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for footwear treatments exported from Spain were the United States ($X), Mexico ($X) and Portugal ($X), with a combined 36% share of total exports. France, Italy, Benin, Canada, Nigeria, India, Germany, the UK, Poland and Peru lagged somewhat behind, together accounting for a further 40%.

Canada, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, waning by -2.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nigeria ($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 the United States (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Spain

In 2022, overseas purchases of polishes and creams for footwear or leather increased by 6.4% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 29%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, footwear treatments imports expanded rapidly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 9.9% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of footwear treatments imports to Spain, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +27.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear treatments suppliers to Spain were Germany ($X), France ($X) and China ($X), together accounting for 69% of total imports.

China, with a CAGR of +24.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average footwear treatments import price amounted to $X per ton, with an increase of 1.7% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear treatments import price decreased by -6.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 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 China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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