Thailand: Leather Footwear Market 2022

Leather Footwear Market Size in Thailand

In 2017, the Thai leather footwear market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2008; however, from 2009 to 2017, consumption failed to regain the momentum.

Leather Footwear Production in Thailand

In value terms, leather footwear production surged to $X in 2017 estimated in export prices. In general, production, however, recorded a noticeable descent. Thailand production peaked at $X in 2011; however, from 2012 to 2017, production failed to regain the momentum.

Leather Footwear Exports

Exports from Thailand

In 2017, shipments abroad of leather footwear decreased by -X% to X pairs, falling for the third year in a row after two years of growth. Overall, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X pairs in 2011; however, from 2012 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports amounted to $X in 2017. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Thailand exports peaked at $X in 2011; however, from 2012 to 2017, exports remained at a lower figure.

Exports by Country

China represented the main exporting country with an export of around X pairs, which resulted at X% of total exports. Vietnam (X pairs) took a X% share (based on tons) of total exports, which put it in second place, followed by Italy (X%), India (X%) and Germany (X%). 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) took a relatively small share 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. From 2007 to 2017, the share of Vietnam and India increased by +X% and +X% percentage points, while Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2017, together accounting for X% of total exports.

Vietnam saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Thailand stood at $X per pair in 2017, increasing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

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 Thailand

In 2017, purchases abroad of leather footwear decreased by -X% to X pairs, falling for the third year in a row after two years of growth. Over the period under review, imports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X pairs in 2014; however, from 2015 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports fell dramatically to $X in 2017. In general, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2017, imports remained at a 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) were the largest importers of leather footwear, together mixing up 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 leading importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

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

In the United States, leather footwear imports shrank by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in Thailand stood at $X per pair in 2017, dropping by -X% against the previous year. Overall, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. Thailand import price peaked at $X per pair in 2016, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2017, 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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