United Kingdom: Leather Footwear Market 2022

Leather Footwear Market Size in the UK

In 2017, the UK leather footwear market decreased by -X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2017, consumption failed to regain the momentum.

Leather Footwear Production in the UK

In value terms, leather footwear production shrank to $X in 2017 estimated in export prices. In general, production showed a pronounced reduction. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. The UK production peaked at $X in 2007; however, from 2008 to 2017, production failed to regain the momentum.

Leather Footwear Exports

Exports from the UK

After four years of growth, shipments abroad of leather footwear decreased by -X% to X pairs in 2017. Overall, total exports indicated noticeable growth from 2007 to 2017: its volume increased 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 increased by +X% against 2007 indices. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. As a result, exports reached the peak of X pairs, and then declined rapidly in the following year.

In value terms, leather footwear exports dropped to $X in 2017. In general, total exports indicated a measured increase from 2007 to 2017: its value increased 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 2015 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The UK exports peaked at $X in 2015; however, from 2016 to 2017, exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporter of leather footwear in the world, with the volume of exports accounting for X pairs, which was near X% of total exports in 2017. Vietnam (X pairs) ranks second in terms of the total exports with a X% share, followed by Italy (X%), India (X%) and Germany (X%). The following exporters - 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) - together made up X% 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. Vietnam (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while Indonesia and Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries from the UK were China ($X), Italy ($X) and Vietnam ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Vietnam saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the leather footwear export price in the UK amounted to $X per pair, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The UK export price peaked at $X per pair in 2014; however, from 2015 to 2017, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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 UK

In 2017, imports of leather footwear into the UK totaled X pairs, remaining constant against 2016 figures. Overall, imports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The UK imports peaked at X pairs in 2007; however, from 2008 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports declined to $X in 2017. Over the period under review, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, the United States (X pairs), distantly followed by Germany (X pairs), France (X pairs) and Italy (X pairs) represented the largest importers of leather footwear, together making 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), Canada (X pairs) and Poland (X pairs) took a little share of total imports.

From 2007 to 2017, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2017, the average annual growth rate of value in the United States amounted to -X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The leather footwear import price in the UK stood at $X per pair in 2017, which is down by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per pair in 2014; however, from 2015 to 2017, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; 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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