U.S.: Leather Footwear Market 2022

Leather Footwear Market Size in the U.S.

After two years of decline, the U.S. leather footwear market increased by X% to $X in 2017. In general, the total consumption indicated a perceptible expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Leather Footwear Production in the U.S.

In value terms, leather footwear production surged to $X in 2017. Overall, production recorded a resilient increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Leather Footwear Exports

Exports from the U.S.

Leather footwear exports from the United States reduced to X pairs in 2017, dropping by -X% on 2016 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The United States exports peaked at X pairs in 2013; however, from 2014 to 2017, exports failed to regain the momentum.

In value terms, leather footwear exports reduced to $X in 2017. In general, total exports indicated a noticeable increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, exports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The United States exports peaked at $X in 2014; however, from 2015 to 2017, exports remained at a lower figure.

Exports by Country

In 2017, China (X pairs) represented the key exporter of leather footwear, creating X% of total exports. Vietnam (X pairs) ranks second in terms of the total exports with a X% share, 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 minor 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. 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 the United States were China ($X), Italy ($X) and Vietnam ($X), with a combined X% share of total exports.

Vietnam recorded 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 the United States stood at $X per pair in 2017, picking up by X% against the previous year. Overall, the export price saw noticeable growth. The most prominent rate of growth was recorded in 2014 when the export price increased by X% y-o-y. As a result, export price attained the peak level of $X per pair. from 2015 to 2017, the growth in terms of the 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 the U.S.

In 2017, the amount of leather footwear imported into the United States reduced markedly to X pairs, with a decrease of -X% on the year before. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. The United States imports peaked at X pairs in 2007; however, from 2008 to 2017, imports stood at a somewhat lower figure.

In value terms, leather footwear imports dropped to $X in 2017. Over the period under review, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2017, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of leather footwear, namely Germany, the UK, France, Italy, Hong Kong SAR, the Netherlands, Belgium, Russia, Japan, China, Spain and Canada, represented more than half of total import. Poland (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, Germany ($X), France ($X) and the UK ($X) were the countries with the highest levels of imports in 2017, together comprising X% of total imports. These countries were followed by Italy, the Netherlands, Hong Kong SAR, Belgium, Russia, China, Japan, Spain, Canada and Poland, which together accounted for a further X the main importing countries, China saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The leather footwear import price in the United States stood at $X per pair in 2017, increasing by X% against the previous year. In general, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per pair. from 2015 to 2017, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2017, the country with the highest price was China ($X per pair), while Poland ($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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